Compliance File definition
Examples of Compliance File in a sentence
If No, contact Special Tax Counsel and include description of resolution in the Tax Compliance File.
If Yes, include a copy of the Opinion in the Tax Compliance File.
Participant will provide Administrator with the Compliance File and the Mortgage File after Closing, which Compliance File and Mortgage File will contain all documents required by the Program.
The Participant is responsible for curing Mortgage File and Compliance File deficiencies, and if Compliance File deficiencies are not cured within a reasonable time, Administrator will recommend the Mortgage Loan not be Purchased by the Servicer.
The Bond Application Fee is to be included in the Compliance File and may be a corporate check, cashier’s check or money order.
The Compliance Officer will maintain the Tax Compliance File for the Lease Agreement in accordance with this Tax Agreement.
Participants will have continuing access to the Lender Portal where status of the Compliance File and Mortgage File can be reviewed at any time.
Yes No If Yes, include a copy of the Opinion in the Tax Compliance File.
Neither the examination and acceptance of a Compliance File or Mortgage File by the Administrator or the Servicer hereunder nor the Purchase of a Mortgage Loan by the Servicer shall constitute a waiver of any warranty, representation or covenant by the Participant or the Mortgagor with respect to the Mortgage Loan to which the Compliance File or the Mortgage File pertains.
Review and approval shall not assure the subsequent Purchase by the Servicer in the event that factual changes occur with respect to the Compliance File or the Mortgage File or the Program between the date of approval and such Purchase Date.