FMDS definition
Examples of FMDS in a sentence
FMC or FMDS, as applicable, may establish different Late Fee criteria for Student Loans having different owner codes.
FMC or FMDS, as applicable, directions as to Late Fee criteria shall apply to all loans, including those owned by an SPE.
Late Fee criteria for some product types may include “no late fee.” The Servicer reserves the right to submit questions pertaining to the requirements regarding the assessment of Late Fees to a particular Student Loan portfolio and FMC or FMDS, as applicable, shall respond to Servicer’s questions within thirty (30) days.
Late Fees shall be deducted from any payment(s) received from Borrowers as directed by FMC or FMDS, as applicable.
Servicer shall provide FMC, FMDS on behalf of each Owner, ▇▇▇▇, and FMER as agent for ▇▇▇▇ with web-based access to Student Loan and Committed Student Loans files, or portions thereof, in accordance with the terms of the System Access Schedule, which shall set forth, without limitation, the type of access and/or online services that must be available to each type of user and the minimum user access security requirements that must be implemented on Servicer’s Servicing system.