BORROWER FILE definition
BORROWER FILE means, with respect to any Loan, all documentation that is required by the Guarantor of such Loan for the payment of a Default claim. Without limiting the generality of the foregoing, such documentation shall at a minimum include:
(1) the Borrower's Application for such Loan;
a. the original Note (or certified copy thereof); and
b. an original or imaged copy of a Loan Consolidation Verification Certificate ("LCVC").
BORROWER FILE means, with respect to any Loan, all documentation that is required under Applicable Law and the Regulations for the payment of a Default claim of such Loan. Without limiting the generality of the foregoing, such documentation shall at a minimum include:
(1) the Borrower's Application for such Loan;
(2) the original executed Note;
(3) evidence of full disbursement, including the applicable repayment disclosure statement;
(4) evidence of due diligence servicing performed in accordance with the requirements of Applicable Law and the Regulations;
(5) detailed repayment history, including, but not limited to, payment transaction history and documentation of Deferments and Forbearances;
(6) copies of any correspondence between CFS and the Borrower related to the RWPCL Program including any spousal credit notification letters required under applicable state law, other than generic marketing letters, and a copy of CFS's electronic record of its contact with the Borrower (after pay-off balances have been received from all loan holders) confirming the Borrower's authorization to proceed with Loan funding based on the certified pay-off amounts;
(7) copy of credit bureau reports, income verification, proof of citizenship, and all supporting documentation for any credit override, and
(8) all other credit review documentation, records, or worksheets generated or obtained by CFS.
BORROWER FILE means, with respect to any Loan, the following, as appropriate:
(1) the Consolidation Loan Note (together with the Completed Application if separate from the Consolidation Loan Note) for such Loan;
(2) the Borrower's Application, if separate from the Consolidation Loan Note;
(3) evidence of the Loan Consolidation Verification Certificate; and
(4) copies of any correspondence between CFS and the Borrower related to the RWCL Program, other than generic marketing letters.
More Definitions of BORROWER FILE
BORROWER FILE means, with respect to any Loan, all documentation which is required by the Guarantor of such Loan for the payment of a Default claim. Without limiting the generality of the foregoing, such documentation shall at a minimum include:
(1) the Borrower's Application for such Loan;
(2) the original Note (or certified copy thereof);
(3) evidence of Guarantee of the Loan by a Guarantor;
(4) evidence of full disbursement;
(5) in the case of a Master Promissory note, evidence of the school's certification and the notification or confirmation with respect to each Loan made thereunder;
(6) evidence of due diligence servicing in accordance with the requirements of the Act and applicable Regulations; and
(7) repayment history, including, but not limited to, payment transaction history and documentation of Deferments and Forbearances.