Common use of Errors and Omissions Insurance Clause in Contracts

Errors and Omissions Insurance. CitiMortgage will maintain in force · a policy or policies of insurance covering errors and omissions in the performance of its servicing obligations, and · a fidelity bond for its officers, employees and agents. Such policies and bond will, together, comply with Fxxxxx Mxx or Fxxxxxx Mac requirements for persons servicing mortgage loans purchased by such association.

Errors and Omissions Insurance. CitiMortgage will maintain in force · a policy or policies of insurance covering errors and omissions in the performance of its servicing obligations, and · a fidelity bond for its officers, employees and agents. Such policies and bond will, together, comply with Fxxxxx Mxx Xxxxxx Xxx or Fxxxxxx Xxxxxxx Mac requirements for persons servicing mortgage loans purchased by such association.