Lender Obligations. A. LENDER shall promptly transmit or cause to be transmitted to AFSA any material written communications it receives at any time with respect to any borrower’s Account, including but not limited to letters, notices of death or disability, adjudications of bankruptcy and like documents, and forms requesting deferment of repayment or loan cancellations. AFSA will have no liability for reliance upon information that would have been corrected by timely transmittal to it of any such written communication, and shall not bear any related servicing or other costs which reasonably could have been avoided thereby.
Appears in 4 contracts
Samples: Servicing Agreement (Higher Education Funding I), Agreement (Higher Education Funding I), Servicing Agreement (College Loan Corp Trust I)
