Common use of Description of Action Codes Clause in Contracts

Description of Action Codes. Action Code 12 - To report a Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. The Action Date is the date the relief is expected to end. For military indulgence, it will be three months after the Borrower's discharge from military service.

Appears in 41 contracts

Samples: Pooling and Servicing Agreement (GreenPoint MTA Trust 2005-Ar3), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ac1), Pooling and Servicing Agreement (GreenPoint MTA Trust 2005-Ar4)

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Description of Action Codes. Action Code 12 - To report a Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. The Action Date is the date the relief is expected to end. For military indulgence, it will be three months after the Borrower's ’s discharge from military service.

Appears in 23 contracts

Samples: Reconstituted Servicing Agreement, Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He1), Reconstituted Servicing Agreement (Luminent Mortgage Trust 2006-2)

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Description of Action Codes. Action Code ACTION CODE 12 - To report a Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. The Action Date is the date the relief is expected to end. For military indulgence, it will be three months after the Borrower's discharge from military service.

Appears in 4 contracts

Samples: Custodial Agreement (Peoples Choice Home Loan Securities Trust Series 2004-2), Assignment, Assumption and Recognition Agreement (Merrill Lynch Mortgage Investors Trust, Series MLCC 2006-2), Servicing Agreement (Prime Mortgage Trust 2005-5)

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