Lender Obligations. A. LENDER shall promptly transmit or cause to be transmitted to ACS any material written communications it receives at any time with respect to any borrower’s Account, including but not limited to letters, notices of death or disability, adjudications of bankruptcy and like documents, and forms requesting deferment of repayment or loan cancellations. ACS will have no liability for reliance upon information that would have been corrected by timely transmittal to it of any such written communication, and shall not bear any related servicing or other costs which reasonably could have been avoided thereby.
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Samples: Servicing Agreement (Higher Education Funding I), Servicing Agreement (Higher Education Funding I), Origination/Servicing Agreement (Higher Education Funding I)
Lender Obligations. A. LENDER shall promptly transmit or cause to be transmitted to ACS any material written communications it or any Guarantor receives at any time with respect to any borrower’s 's Account, including but not limited to letters, notices of death or disability, adjudications of bankruptcy and like documents, and forms requesting deferment of repayment or loan cancellations. ACS will have no liability for reliance upon information that would have been corrected by timely transmittal to it of any such written communication, and shall not bear any related servicing or other costs which reasonably that could have been avoided thereby.
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