Examples of Servicing Official in a sentence
When the borrower indicates that the final incentive offer is acceptable, and the processing of the incentive application is complete, the Servicing Official will notify the State Office, which in turn will notify the National Office of all required informa- tion through use of FmHA or its suc- cessor agency under Public Law 103–354 Guide Letter 1965–E–1 (available in any FmHA or its successor agency under Public Law 103–354 office).
The Trust Collateral Agent, upon receipt of a certificate of a Servicing Official requesting the same be accepted by the Trust Collateral Agent and certifying as to the reasons such documents are required, shall furnish the Servicer with any other powers of attorney or other documents reasonably necessary or appropriate which the Trust Collateral Agent may legally execute to enable the Servicer to carry out its servicing and administrative duties hereunder.
The Servicing Official shall receive a complete copy of this signed Engagement Letter prior to releasing information to the CPA.
Supervisory Activities, when properly populated, can serve as an excellent tickler system to let the Servicing Official know when action is needed on their part.
To recommend the approval of a request for waiver of overage, the Servicing Official will attach a completed copy of Form RD 3560-23, Multi-Family Housing Waiver of Overage, to the borrower’s request and forward to the State Office.
If no qualified local nonprofit organization or public agen- cy is found to purchase the housing within the first 60 days, the Servicing Official will authorize the borrower to advertise for an existing qualified na- tional or regional nonprofit organiza- tion to purchase the housing.
Upon receipt, the Servicing Official will re- view the contract team’s report.
The Servicing Official will review the applicable restrictive-use require- ments, if any, in detail with the bor- rower.
The Servicing Official will not wait to determine if submitted in- formation is accurate or if the prepay- ment will be accepted or denied before notifying tenants.
Prior to accepting the prepay- ment, the Servicing Official will meet with the borrower to discuss borrower obligations under restrictive-use and fair housing provisions remaining in ef- fect after the prepayment is accepted.