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 F▇▇▇▇▇ M▇▇ or F▇▇▇▇▇▇ Mac requirements for persons servicing mortgage loans purchased by such association.

Appears in 19 contracts

Sources: Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc), Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc), Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc)

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 F▇▇▇▇▇ M▇▇ or F▇▇▇▇▇▇ Mac requirements for persons servicing mortgage loans purchased by such association.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CMALT (CitiMortgage Alternative Loan Trust), Series 2006-A2)