Escrow Analysis. Servicer shall have performed an escrow analysis for each Mortgage Loan having a Related Escrow Account no later than twelve (12) months prior to the Transfer Date for all Mortgage Loans that are thirteen (13) months old or older and otherwise in accordance with applicable law. The analysis must indicate that refunds of escrow overages were made in accordance with applicable federal, state and local laws, regulations and rules and that escrow shortages have been billed in full or prorated in the monthly Mortgage Loan payments over a period of not more than twelve (12) months. The escrow analysis shall be made a permanent part of the Records for each of the Mortgage Loans.
Appears in 3 contracts
Samples: Servicing Agreement (Steward Realty Trust, Inc.), Servicing Agreement (Steward Realty Trust, Inc.), Servicing Agreement (Steward Realty Trust, Inc.)
Escrow Analysis. Servicer shall have performed an escrow analysis for each Mortgage Loan having a Related Escrow Account no later than twelve (12) months prior to the Transfer Date for all Mortgage Loans that are thirteen (13) months old or older and otherwise in accordance with applicable law. The analysis must indicate that refunds of escrow overages were made in accordance with applicable federal, federal and state and local laws, regulations and rules and that escrow shortages have been billed in full or prorated in the monthly Mortgage Loan payments over a period of not more than twelve (12) months. The escrow analysis shall be made a permanent part of the Records for each of the Mortgage Loans.
Appears in 1 contract
Samples: Servicing Agreement
