Custodial Accounting Sample Clauses
The Custodial Accounting clause establishes the requirement for maintaining separate and accurate records of funds or assets held in trust by one party for another. In practice, this means the custodian must keep detailed accounts of all transactions, deposits, and withdrawals related to the assets under their care, often providing regular statements or reports to the beneficiary. This clause ensures transparency and accountability in the management of entrusted assets, helping to prevent misappropriation and providing a clear audit trail.
Custodial Accounting. Section 6.1
Custodial Accounting. Section 6.1 In General..................................................... 6.1.1.
Custodial Accounting. Section 6.1 In General........................................................ 6.1.1.
Custodial Accounting. Section 6.1 In General 32 Section 6.2 Custodial P&I Account 35 Section 6.3 Custodial T&I Account 37 Section 6.4 Eligible Account Investments 38 Section 7.1 In General 39 Section 7.2 Mortgage Loan Records 39 Section 7.3 Accounting Procedures 40 Section 7.4 Application Procedure 41 Section 7.5 Curtailments 41 Section 7.6 Liquidations 42 Section 7.7 Realized Losses 42 Section 8.1 ARM Loan Servicing 44 Section 8.2 Notice of Periodic Adjustment 44 Section 8.3 ARM Loan Conversion 45
Custodial Accounting. Section 6.1 In General . . . . . . . . . . . . . . . . . . . . . . . . 38 6.1.1
Custodial Accounting