Collection and Servicing Practices Clause Samples

Collection and Servicing Practices. Section 11.1 General Servicing Requirements 11.1.1.

Collection and Servicing Practices. The collection and servicing practices used by the Servicer with respect to each Contract have been legal and in accordance with applicable laws and regulations and the terms of the Contracts, and in all material respects proper and prudent in the manufactured housing origination and servicing business;

Collection and Servicing Practices. The servicing and collection practices used with respect to each Mortgage Loan have been in accordance with Applicable Requirements in all material respects.

Collection and Servicing Practices. Section 11.1 General Servicing Requirements . . . . . . . . . . . . . . 66 11.1.1 Servicing Practices. . . . . . . . . . . . . . . . . . . . 66 11.1.2 Tax Returns and Other Reports. . . . . . . . . . . . . . . 66 11.1.3

Collection and Servicing Practices. The collection and servicing practices used by the Servicer with respect to each Mortgage Loan have been in all respects legal, proper and prudent, and consistent with those customarily employed by institutions servicing mortgage loans secured by vacation ownership intervals, which institutions are considered prudent by the Servicer.

Collection and Servicing Practices. Section 11.1 General Servicing Requirements 51 Section 11.2 Delegation of Duties 51 Section 11.3 Due-on-Sale Clause Enforcement 53 Section 11.4 Assumptions 55 Section 11.5 Partial Releases and Easements 56 Section 11.6 Recordation of Assignments 57 Section 11.7 General Servicing Considerations 58 Section 11.8 Borrower Bankruptcy 59

Collection and Servicing Practices. Purchaser agrees not to violate any law relating to unfair collection practices in connection with the Loan Assets and agrees to service the Loan after the Closing Date in accordance with all applicable laws, rules and regulations. ▇▇▇▇▇▇▇▇▇ agrees to indemnify Agent and each Seller, defend Agent and each Seller and their respective Loan Purchase Agreement members, officers, directors, bank group members, officials, agents, employees, attorneys, representatives and hold Seller and its members, officers, directors, bank group members, officials, agents, employees, attorneys, representatives harmless from and against any and all claims, demands, losses, damages, penalties, fines, forfeitures, judgments, legal fees and other costs, fees and expenses at any time incurred by Agent or any Seller as a result of (a) Purchaser’s breach of the covenant set forth is this Section 13.2 or (b) any act or omission of Purchaser resulting in any claim, demand or assertion that Agent or any Seller, subsequent to the Closing Date, engaged in or authorized any unlawful collection practices in connection with the Loan Assets. Each party agrees to notify the other within ten (10) days of receiving notice or knowledge of any such claim, demand, or assertion.

Collection and Servicing Practices