Massachusetts Servicing Agreement

State:
Multi-State
Control #:
US-EG-9047
Format:
Word; 
Rich Text
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Description

Servicing Agreement of Ameriquest Mortgage Securities, Inc. dated 00/00. 37 pages
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FAQ

To cancel a contract, take the following steps: Make sure you send the cancellation notice within the time allowed. Always cancel in writing. You can use the cancellation form or send a letter. Keep a copy of your cancellation notice or letter. Send your cancellation notice by certified mail, return receipt.

A servicing agreement is a contract between a servicer and a special purpose vehicle (SPV) or an assignee under which the servicer is responsible for administering a lease and acting as a conduit for all payments over the lease term in return for a periodic servicing fee .

What to include in your contract. Description of services. Lay out exactly what professional services you and your company will receive. ... Payment terms. Describe when and how the contractor will be compensated. ... Ownership rights. ... Confidentiality clause. ... Indemnification clause. ... Amendment. ... Termination. ... Dispute resolution.

In addition, since a maintenance agreement does not provide for the repair or replacement of property due to a defect in materials or workmanship or wear and tear, a maintenance agreement is not a warranty nor a service contract.

What are the different types of maintenance contracts? Annual maintenance contracts vs comprehensive maintenance contracts. Corrective maintenance. Preventive maintenance. Risk-based maintenance. Condition-based maintenance. Clear description of the services. Appropriate measure of service level. Flexible services and pricing.

A maintenance agreement outlines the steps one party will undertake to insure the upkeep, repair, serviceability of another party's property. Maintenance contracts are commonly used by companies that take care of vehicle fleets, industrial equipment, office and apartment buildings, computer networks, etc.

What does Services agreement mean? An agreement whereby a supplier agrees to provide specified service(s) to a customer in return for payment of a fee.

Maintenance is something that's scheduled ? like an oil change ? whereas service is when you need something specific fixed or tuned up that's outside of your regular maintenance schedule.

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Massachusetts Servicing Agreement