Vervent definition
Examples of Vervent in a sentence
Without limiting any of the foregoing, under no circumstance shall Vervent Inc.
No resignation or removal of Vervent as Backup Servicer shall relieve Vervent of any liability to which it has previously become subject as Backup Servicer under this Agreement.
There will be no further action by PEAKS or Vervent with respect to any balance previously due and owing on your account.
PEAKS and Vervent have discontinued billing, and have discontinued collection of payments, for your PEAKS Loan.
Vervent is not authorized to stop these transactions, as they are sent from your banking institution.
If you have a recurring or one-time electronic payment through the Vervent payment platform that is scheduled to make any payment on your PEAKS Loan(s) after the date of this letter, please note that Vervent has cancelled that payment, and all future payments, for your PEAKS Loan(s).
This notice relates only to your PEAKS Loan(s) and does not apply to any other obligation you may have (even if serviced by Vervent), including other debts associated with your ITT education, loans owned by someone other than PEAKS, or loans that once were owned by PEAKS but were paid in full prior to [insert Effective Date of settlement].
Additionally, all consumer credit reporting agencies to which PEAKS and Vervent formerly reported credit information concerning your PEAKS Loan will be directed to delete the trade lines regarding your PEAKS Loan.
To the extent that this Redress Plan provides for tasks to be performed by the Servicer (as defined below), PEAKS, and any of the other PEAKS Parties as may be required, has directed and will direct the Servicer (currently Vervent Inc.) to perform those tasks, and the Servicer has agreed to perform the tasks using the methods and in accordance with the timeline set out herein.
Vervent will reject or return any payment on your PEAKS Loan(s) that it receives after [insert Effective Date of settlement].