Skip Tracing. If the Servicer becomes aware (through notification or otherwise), on or before the 89th day of delinquency, that a Borrower or Co-Borrower's address is invalid, it must undertake skip-tracing activities as listed below. If it becomes aware of such invalidity after the 89th day of delinquency, it must promptly notify ▇▇▇▇. Any required skip-tracing must be completed prior to claim filing. The Servicer will attempt to locate the Borrower or Co-Borrower through the following skip-tracing techniques: - Calling directory assistance - One attempt to reach each reference on the application* - One attempt to reach each Borrower and Co-Borrower on the application - Calling the Borrower or Co-Borrower's place of employment, when known. If a place of employment has informed the Servicer that they will not validate information or that the Borrower is no longer employed there, then the Servicer is no longer required to call the place of employment. - Conducting a social security search through at least one national credit reporting agency * This is required activity for the Borrower's references only The Servicer may cease skip-tracing efforts if its attempts to locate the Borrower or Co-Borrower through the above techniques fail. In the case of an invalid phone number, the Servicer will continue to contact the Borrower by mail unless the address is also determined to be invalid. The Servicer may perform skip-tracing activities inadvertently omitted during the 1-89 day delinquency buckets if such activities are completed no later than the date the claim is filed. Such performance of omitted skip-tracing activities will preclude denial of a claim based on the prior omission Skip-tracing performed during a prior delinquency period of a loan, but not during the 120-day delinquency period leading immediately to the filing of a guaranty claim, will satisfy the Servicer's due diligence obligations if the particulars are included in the account history provided to ▇▇▇▇ as part of the claim package.
Appears in 3 contracts
Sources: Private Consolidation Loan Origination Responsibility Agreement (Collegiate Funding Services Inc), Private Consolidation Loan Origination Responsibility Agreement (Collegiate Funding Services Inc), Private Consolidation Loan Origination Responsibility Agreement (Collegiate Funding Services Inc)