Servicer Reports and Compliance Statements Sample Clauses

The 'Servicer Reports and Compliance Statements' clause requires the servicer to regularly provide detailed reports and formal statements confirming their adherence to contractual obligations. Typically, this involves submitting periodic updates on loan performance, collections, and other key metrics, as well as signed certifications that the servicer is in compliance with relevant standards and requirements. This clause ensures transparency and accountability, enabling parties to monitor the servicer’s performance and address any issues of non-compliance promptly.