Subsequent Transfer Agreement between MLCC Mortgage Investors, Inc. and Bankers Trust of California, N.A. regarding consummation for purchase and sale of subsequent mortgage loans dated 00/99. 3 pages.
The Texas Subsequent Transfer Agreement (STA) is a legally binding agreement between LCC Mortgage Investors, Inc. (referred to as the "Seller") and Bankers Trust of CA, N.A. (referred to as the "Purchaser") that governs the transaction and consummation of the purchase and sale of mortgage loans. This agreement ensures the smooth transfer and assignment of mortgage loans from the Seller to the Purchaser while adhering to the specific requirements and regulations set forth in Texas law. Within the realm of Texas Subsequent Transfer Agreements, there are various types that address different aspects and scenarios surrounding the purchase and sale of mortgage loans: 1. Standard Texas Subsequent Transfer Agreement: This is the most common type of STA between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. It outlines the general terms, conditions, and obligations of both parties in the transfer and sale of mortgage loans, while adhering to the specific regulations and guidelines prescribed by Texas state laws. 2. Subsequent Transfer Agreement for Delinquent Loans: This type of STA specifically caters to the transfer and sale of mortgage loans that are categorized as delinquent. The agreement may include additional clauses or provisions to address the unique aspects and risks associated with delinquent loans. 3. Subsequent Transfer Agreement for Prepaid Loans: In cases where the mortgage loans being transferred have been prepaid, this type of STA is utilized. It encompasses specific provisions and conditions related to the prepayment of loans, including the calculation of prepaid amounts and any associated fees. 4. Subsequent Transfer Agreement for Adjustable-Rate Mortgage Loans: This type of STA focuses on the transfer and sale of mortgage loans with adjustable interest rates. It may include clauses regarding the tracking, reporting, and adjustment of interest rates as per the agreed terms between the Seller and the Purchaser. 5. Subsequent Transfer Agreement for Commercial Mortgage Loans: When the mortgage loans being transferred relate to commercial properties, this specific type of STA is used. It may address industry-specific considerations and requirements, such as loan-to-value ratios, income-based assessments, and potential risks associated with commercial real estate financing. Each type of Texas Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. is designed to protect the interests of both parties, ensure compliance with Texas state laws, and facilitate a smooth and transparent transfer and sale process for mortgage loans.
The Texas Subsequent Transfer Agreement (STA) is a legally binding agreement between LCC Mortgage Investors, Inc. (referred to as the "Seller") and Bankers Trust of CA, N.A. (referred to as the "Purchaser") that governs the transaction and consummation of the purchase and sale of mortgage loans. This agreement ensures the smooth transfer and assignment of mortgage loans from the Seller to the Purchaser while adhering to the specific requirements and regulations set forth in Texas law. Within the realm of Texas Subsequent Transfer Agreements, there are various types that address different aspects and scenarios surrounding the purchase and sale of mortgage loans: 1. Standard Texas Subsequent Transfer Agreement: This is the most common type of STA between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. It outlines the general terms, conditions, and obligations of both parties in the transfer and sale of mortgage loans, while adhering to the specific regulations and guidelines prescribed by Texas state laws. 2. Subsequent Transfer Agreement for Delinquent Loans: This type of STA specifically caters to the transfer and sale of mortgage loans that are categorized as delinquent. The agreement may include additional clauses or provisions to address the unique aspects and risks associated with delinquent loans. 3. Subsequent Transfer Agreement for Prepaid Loans: In cases where the mortgage loans being transferred have been prepaid, this type of STA is utilized. It encompasses specific provisions and conditions related to the prepayment of loans, including the calculation of prepaid amounts and any associated fees. 4. Subsequent Transfer Agreement for Adjustable-Rate Mortgage Loans: This type of STA focuses on the transfer and sale of mortgage loans with adjustable interest rates. It may include clauses regarding the tracking, reporting, and adjustment of interest rates as per the agreed terms between the Seller and the Purchaser. 5. Subsequent Transfer Agreement for Commercial Mortgage Loans: When the mortgage loans being transferred relate to commercial properties, this specific type of STA is used. It may address industry-specific considerations and requirements, such as loan-to-value ratios, income-based assessments, and potential risks associated with commercial real estate financing. Each type of Texas Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. is designed to protect the interests of both parties, ensure compliance with Texas state laws, and facilitate a smooth and transparent transfer and sale process for mortgage loans.