In the United States District Court for the District of Columbia (August 6th, 2014)
[Letterhead of U.S. Department of Justice - United States Attorney, Western District of Virginia] RESTITUTION AND REMEDIATION AGREEMENT (July 3rd, 2014)
The United States of America, represented by the United States Attorney for the Western District of Virginia ("the United States" or "the Government") and SunTrust Mortgage, Inc., by its undersigned President and Chief Executive Officer, pursuant to authority vested in him by the Board of Directors of SunTrust Banks, Inc., the parent company of SunTrust Mortgage ("SunTrust"), enter into the following Restitution and Remediation Agreement (the "Agreement"):
Amendment of Consent Order (May 7th, 2013)
WHEREAS, on April 13, 2011, SunTrust Banks, Inc., Atlanta, Georgia ("SunTrust"), SunTrust Bank, Atlanta, Georgia (the "Bank"), and SunTrust Mortgage, Inc., Richmond,Virginia ("SunTrust Mortgage") consented to the issuance of a Consent Order (the "2011 Consent Order"), in recognition of the common goal of the Board of Governors of the Federal Reserve System (the "Board of Governors"), the Federal Reserve Bank of Atlanta (the "Reserve Bank"), SunTrust and its direct and indirect subsidiaries that engaged in the business of servicing residential mortgage loans, including the Bank and its direct and indirect subsidiaries, including SunTrust Mortgage, to ensure that the consolidated organization operates in a safe and sound manner and in compliance with all applicable Legal Requirements (as defined in the 2011 Consent Order);
Contract (September 12th, 2006)
Replacement Capital Covenant, dated as of September 12, 2006 (this Replacement Capital Covenant), by SunTrust Banks, Inc., a Georgia corporation (together with its successors and assigns, the Corporation), in favor of and for the benefit of each Covered Debtholder (as defined below).