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Common use of Collection Practices Clause in Contracts

Collection Practices. The Collection practices utilized by any person servicing a Receivable in seeking payment under the documentation evidencing such Receivable have been in all respects legal, proper and customary in the automobile loan servicing business.

Appears in 5 contracts

Sources: Receivables Purchase Agreement (Nal Financial Group Inc), Receivables Purchase Agreement (Nal Financial Group Inc), Receivables Purchase Agreement (Nal Financial Group Inc)

Related Clauses

  • Collection Practices; Escrow Deposits
  • Credit Reporting
  • Payable Practices
  • Credit Reporting; Gramm-Leach-Bliley Act
  • FAIR PRACTICES

Parent Clauses

  • Representations and Warranties of the Servicer
  • Duties of the Servicer
  • Eligibility and Enrollment Responsibilities
  • Anti-Corruption Laws and Sanctions
  • Representations Warranties and Covenants of the Seller Repurchase and Substitution Review of Mortgage Loans

Sub-Clauses

  • Authority
  • Remittance of Collections
  • Adjustments
  • Enrollment and Eligibility Periods
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