Code of Federal Regulations (alpha)

CFR /  Title 13  /  Part 120  /  Sec. 120.1714 Seller's Pool Loan servicing.

Subject to Sec. 120.1718 of this subpart J, the Seller must service Seller's Pool Loan in a commercially reasonable manner, consistent with prudent lending standards, and in accordance with applicable Program Rules and Regulations. The Seller receives the Servicing Retention Amount for servicing the Seller's Pool Loan.