Common use of Prepayment Charge Reporting Requirements Clause in Contracts

Prepayment Charge Reporting Requirements. Not later than the Servicer Remittance Date, the Servicer and the Special Servicer, as applicable, shall provide to the Depositor and the Master Servicer the following information with regard to each Mortgage Loan that has prepaid during the related Prepayment Period: (i) loan number; (ii) current Mortgage Rate; (iii) current principal balance; (iv) Prepayment Charge amount due; (v) Prepayment Charge amount collected; and (vi) reason why full Prepayment Charge amount was not collected, if applicable, if other than as a result of a requirement under state law or in connection with a defaulted Mortgage Loan.