Examples of New Servicer in a sentence
If a Servicing Agreement is terminated, the CBC will need to appoint a New Servicer which must be adequately licensed in order for the CBC to keep the benefit of exemptive relief.
Each Servicing Agreement stipulates that the Servicer may only terminate the Servicing Agreement if a New Servicer is appointed prior to such termination which holds the requisite licences, including being duly licensed under the Wft to act as consumer credit provider and intermediary.
X X X X Reg Ab Disclosure About Any New Servicer Is Also Required.
All correspondence sent to you regarding your loan will in fact be sent by New Servicer.
New Servicer will be servicing your account in the name of Countrywide.