Filing Reports. For each Mortgage Loan, the Seller has filed or will file, within the time limits required by Applicable Requirements, all required reports including, but not limited to, reports to all governmental agencies having jurisdiction over the Servicing Rights and all reports required to be made by the Internal Revenue Code of 1986, as amended. The Seller will provide to each Borrower before January 31, 2000 or any such earlier date as may be required by the Applicable Requirements, a "year-end statement" for the period ended on the day immediately prior to the Transfer Date, in compliance with the Applicable Requirements. The Seller's "goodbye letter" (the mortgage servicing transfer letter required by the Real Estate Settlement Procedures Act) will prominently state that the Seller will be mailing the year-end statement to the Borrower by such date.
Appears in 2 contracts
Sources: Mortgage Loan Servicing Purchase and Sale Agreement (Homeside Lending Inc), Mortgage Loan Servicing Purchase and Sale Agreement (Homeside International Inc)