Review Report definition
Examples of Review Report in a sentence
If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Receivable, but will include the previously reported Test results in the Review Report for the current Review.
The Asset Representations Reviewer will ensure that the Review Report does not contain any PII.
In this case, the related Review Report will indicate a Test Complete for such Review Receivable and the related reason.
Following the completion of an Asset Representations Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of an Asset Representations Review according to Section 3.03(e), and the delivery to the Issuer and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee payable by the Servicer of $200 for each Review Receivable for which the Asset Representations Review was started (the “Review Fee”).
If the missing Review Materials or other documents have not been provided by the Servicer within fifteen (15) calendar days, the related Review Report will report a Test Fail for each Test that requires use of the missing or insufficient Review Materials.