Servicing Official definition

Servicing Official means any employee of the Servicer involved in, or responsible for, the administration and servicing of the Receivables whose name appears on a list of servicing employees furnished to the Trust Collateral Agent and the Insurer by the Servicer, as such list may from time to time be amended.
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Examples of Servicing Official in a sentence

  • The Servicing Official will not countersign checks on the supervised bank account for the use of funds un- less the funds deposited by the bor- rower from other sources were cash de- posits, checks which the Servicing Offi- cial knows to be good, or deposited checks which have cleared.

  • The Servicing Official should be sure that the check is prop- erly endorsed to ensure payment to the intended recipient.

  • When a check is to be delivered to the payee before being countersigned, the Servicing Official must make it clear to the borrower and to the payee, if possible, that the check will be countersigned only if the quantity and quality of items purchased are in ac- cordance with approved plans.

  • When Treasury check(s) are deliv- ered to the Servicing Official, the Serv- icing Official will make sure that the name of the borrower and the amount(s) of check(s) coincide with the request on file.

  • The Servicing Official will deter- mine during loan approval the amount(s) of loan or grant disburse- ment(s)—full or partial—and will proc- ess the request to the appropriate auto- mated system in accordance with 7 CFR part 2018, subpart D.

  • When it is determined by the Servicing Official that special super- vision is needed in the management of the borrower’s finances, funds may be deposited in a supervised bank account.

  • When necessary, and only under the circumstances listed in § 1902.2, the Servicing Official will establish, or cause to be established, a supervised bank account.

  • However, in justifiable cir- cumstances, such as when excessive travel on the part of the borrower or Servicing Official would be involved, or purchase would be prevented, and the borrower can be relied upon to select goods and services in accordance with the plans, a check may be delivered to the payee by the borrower before being countersigned.

  • However, in justifiable cir- cumstances, such as when excessive travel on the part of the borrower or Servicing Official would be involved, or purchase would be prevented, and the borrower can be relied upon to select goods and services in accordance with the plans, a check may be delivered to § 1902.11the payee by the borrower before being countersigned.

  • Funds other than loan or grant funds may be deposited by the bor- rower in those exceptional instances where an agreement is reached between the Servicing Official and the bor- rower, whereby the borrower will make deposits of income from any source di- rectly into the supervised bank ac- count.

Related to Servicing Official

  • Servicing Officer Any officer of the Servicer involved in or responsible for, the administration and servicing of the Mortgage Loans whose name appears on a list of servicing officers furnished by the Servicer to the Master Servicer upon request, as such list may from time to time be amended.

  • Master Servicing Officer Any officer of the Master Servicer involved in, or responsible for, the administration and master servicing of the Mortgage Loans.

  • Primary Servicing Office The office of the Master Servicer or the Special Servicer, as the context may require, that is primarily responsible for such party’s servicing obligations hereunder.

  • Servicing Bank means the Agent or the Security Trustee;

  • Servicing Agent means, with respect to an eNote, the field entitled, “Servicing Agent” in the MERS eRegistry.

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Back-Up Servicer means Xxxxx Fargo Bank, National Association and its permitted successors and assigns, as provided in the Indenture.

  • CREFC® Special Servicer Loan File format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • CMSA Special Servicer Loan File format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "CMSA Special Servicer Loan File" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Special Servicer.

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Certificate Administrator Personnel The divisions and individuals of the Certificate Administrator who are involved in the performance of the duties of the Certificate Administrator under this Agreement.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Certificate Administrator’s Website The internet website of the Certificate Administrator, initially located at xxx.xxxxxxx.xxx.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

  • Lead Servicer means the master servicer designated under the Note A-1 PSA.

  • Loan Servicer means the entity that from time to time is designated by Lender to collect payments and deposits and receive Notices under the Note, the Security Instrument, this Loan Agreement and any other Loan Document, and otherwise to service the Loan evidenced by the Note for the benefit of Lender.

  • CREFC® Servicer Watch List format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form (including other portfolio review guidelines) for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • CMSA Servicer Watch List means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Servicer Watch List" available as of the Closing Date on the CMSA Website, or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Credit Enhancer means the Credit Enhancer identified in the Adoption Annex.