Transfer of Servicing definition

Transfer of Servicing means, with respect to an eNote, a MERS eRegistry transfer transaction used to request a change to the current Master Servicer Field or Subservicer Field of such eNote.
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Transfer of Servicing means with respect to an eNote, a MERS eRegistry transfer transaction used to request a change to the current Master Servicer or Subservicer (if any) of such eNote.
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Transfer of Servicing means the assignment, sale, or transfer of any student loan serv- icing of a postsecondary education loan from a transferor servicer to a transferee servicer. ‘‘(19) TRANSFEREE SERVICER.—The term
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Examples of Transfer of Servicing in a sentence

  • Ordinary Transfer of Servicing from Servicer to Successor Servicer or Subservicer.

  • Transfer of Servicing of Loans Pending for Permanent Loan Modification.

  • The Trustee will change the name and/or address of the Mortgage Creditor payee as soon as practicable after the Notice of Transfer of Servicing is filed with the Court.

  • All disbursements made more than twenty-one (21) days after a Notice of Transfer of Servicing or Change of Address is filed shall be made in the name of and to the address set forth in such Notice if it conforms with the Notice of Transfer of Servicing or Change of Address attached to this General Order.

  • If the Notice of Transfer of Servicing or Change of Address is not received by the Trustee at least twenty-one (21) days prior to the Trustee’s next disbursement date (but not including the disbursement date), the Trustee shall have no obligation or liability for recovering or requesting the refund of any funds disbursed within that twenty-one (21) day period.

  • In the event there is a change in the name of the Mortgage Lender and/or the servicer for the Mortgage Lender and/or the address to which disbursements to the Mortgage Lender are to be sent, the Mortgage Lender shall file with the Court and serve on the Trustee, the Conduit Debtor and the Debtor’s Counsel a notice substantively conforming with the Notice of Transfer of Servicing or Change of Address attached to this General Order.

  • Additional Requirements for Transfer of Servicing of Loans where the Borrower is in Bankruptcy.

  • All disbursements made more than 21 days after a Notice of Transfer of Servicing or Change of Address is filed shall be made in the name of and to the address set forth in such Notice if it conforms with the Notice of Transfer of Servicing or Change of Address.

  • The regulators acknowl-edge the use of the RESPA Notice of Transfer of Servicing form, designed to advise a borrower of the replacing servicer’s identity, as sufficient to meet this requirement if it contains all relevant information.

  • Borrower Payments During Transfer of Servicing (12 CFR 1024.33(c)) During the 60-day period beginning on the date of transfer, no late fee or other penalty can be imposed on a borrower who has made a timely payment to the transferor servicer (former servicer).


More Definitions of Transfer of Servicing

Transfer of Servicing. : means, with respect to an eNote, a MERS eRegistry transfer transaction used to request a change to the current Master Servicer Field or Subservicer Field of such eNote.
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Transfer of Servicing means, with respect to an eNote, a MERS eRegistry transfer transaction used to request a change to the current Master Servicer Field or Subservicer Field of such eNote. “Trust Receipt” shall have the meaning set forth in the Custodial and Disbursement Agreement. “UETA” shall mean the Official Text of the Uniform Electronic Transactions Act as approved by the National Conference of Commissioners on Uniform State Laws at its Annual Conference on July 29, 1999. “Unadjusted Benchmark Replacement” shall mean the Benchmark Replacement excluding the Benchmark Replacement Adjustment. “Unauthorized Master Servicer or Subservicer Modification” shall mean, with respect to an eNote, an unauthorized Transfer of Location, an unauthorized Transfer of Servicing or any unauthorized change in any other information, status or data, including, without limitation, a 26
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Related to Transfer of Servicing

  • Subservicing Agreement The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Depositor.

  • Servicing Transfer Date The date on which a Servicing Transfer occurs.

  • Deportation or forcible transfer of population means forced displacement of the persons concerned by expulsion or other coercive acts from the area in which they are lawfully present, without grounds permitted under international law;

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including: