USAP definition
Examples of USAP in a sentence
Upon the request of any Certificateholder or Note Owner, the Owner Trustee or the Indenture Trustee, as the case may be, shall promptly provide such Certificateholder or Note Owner with a copy of such Annual USAP Report.
Copies of the USAP Report shall be provided by the Trustee to any Certificateholder upon request at the Certificateholder's expense, provided such report has been delivered by the Servicer to the Trustee.
To the extent the PSA expressly permits the master servicer to deliver a Uniform Single Attestation Program for Mortgage Bankers (“USAP”), the Subservicer may elect, in its sole discretion, to provide a USAP report in lieu of a Regulation AB attestation.
Such USAP Report shall contain no restrictions or limitations on its use.
Copies of the USAP Report shall be provided by the Securities Administrator and the Trustee to any Certificateholder upon request at the Certificateholder's expense, provided such report has been delivered by the Master Servicer to the Securities Administrator.