servicer
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 2605 — for purposes of this section
The term “servicer” means the person responsible for servicing of a loan (including the person who makes or holds a loan if such person also services the loan). The term does not include—
(A) the Federal Deposit Insurance Corporation or the Resolution Trust Corporation, in connection with assets acquired, assigned, sold, or transferred pursuant to section 1823(c) of this title or as receiver or conservator of an insured depository institution; and
(B) the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Resolution Trust Corporation, or the Federal Deposit Insurance Corporation, in any case in which the assignment, sale, or transfer of the servicing of the mortgage loan is preceded by—
(i) termination of the contract for servicing the loan for cause;
(ii) commencement of proceedings for bankruptcy of the servicer; or
(iii) commencement of proceedings by the Federal Deposit Insurance Corporation or the Resolution Trust Corporation for conservatorship or receivership of the servicer (or an entity by which the servicer is owned or controlled).
15 U.S.C. § 1639A — as used in this section (2 versions over time)
the term “servicer” means the person responsible for the servicing for others of residential mortgage loans (including of a pool of residential mortgage loans); and
15 U.S.C. § 6603 — in this chapter
The term “servicer” means the person, including any successor, responsible for receiving any scheduled periodic payments from a consumer pursuant to the terms of a residential mortgage, including amounts for any escrow account, and for making the payments of principal and interest and such other payments with respect to the amounts received from the borrower as may be required pursuant to the terms of the mortgage. Such term includes the person, including any successor, who makes or holds a loan if such person also services the loan.
20 U.S.C. § 1078 — in this section
the term “servicer” means an entity servicing and collecting student loans which—
(A) has substantial experience in servicing and collecting consumer loans or student loans;
(B) has an independent financial audit annually which is furnished to the Secretary and any other parties designated by the Secretary;
(C) has business systems which are capable of meeting the requirements of this part;
(D) has adequate personnel who are knowledgeable about the student loan programs authorized by this part; and
(E) does not have any owner, majority shareholder, director, or officer of the entity who has been convicted of a felony.
42 U.S.C. § 292F — for purposes of this section
The term “servicer” means any agency acting on behalf of the insurance beneficiary.
42 U.S.C. § 4003 — in this section
“servicer” means the person responsible for receiving any scheduled periodic payments from a borrower pursuant to the terms of a loan, including amounts for taxes, insurance premiums, and other charges with respect to the property securing the loan, and making the payments of principal and interest and such other payments with respect to the amounts received from the borrower as may be required pursuant to the terms of the loan.
42 U.S.C. § 4121 — as used in this chapter (2 versions over time)
the term “servicer” means the person responsible for receiving any scheduled periodic payments from a borrower pursuant to the terms of a loan, including amounts for taxes, insurance premiums, and other charges with respect to the property securing the loan, and making the payments of principal and interest and such other payments with respect to the amounts received from the borrower as may be required pursuant to the terms of the loan; and