Common use of Servicing Objectives Clause in Contracts

Servicing Objectives. The Lender must originate and service guaranteed loans in accordance with applicable regulatory and program requirements throughout the life of the loan or guarantee, whichever is less. In exceptional circumstances the Government, in its sole discretion, may permit the transfer of servicing from the originating Lender to a servicer. A lender-servicing plan must be designed and implemented to achieve the following objectives. A. To preserve the value of the loan and the collateral. B. To avoid a loss to the Lender or the Government and to limit exposure to potential loss. C. To protect the interest of the tenants. D. To further program objectives.