The Vermont Pooling and Servicing Agreement is a legal agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. This agreement outlines the specific terms and conditions for the pooling and servicing of mortgage loans in the state of Vermont. The purpose of the Vermont Pooling and Servicing Agreement is to establish the obligations and responsibilities of each party involved in the pooling and servicing process. It ensures the proper management, collection, and distribution of mortgage loan payments and provides a framework for resolving any issues or disputes that may arise. One type of Vermont Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Is the residential mortgage loan agreement. This agreement sets out the terms and conditions for the pooling and servicing of residential mortgage loans in Vermont. Another type of Vermont Pooling and Servicing Agreement is the commercial mortgage loan agreement. This agreement applies to the pooling and servicing of commercial mortgage loans in Vermont and includes specific provisions tailored to the unique nature of commercial real estate financing. The Vermont Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Is designed to ensure compliance with applicable state and federal laws, regulations, and guidelines. Additionally, it contains provisions regarding loan defaults, payment delinquencies, loan modifications, foreclosure procedures, and the disbursement of funds. In summary, the Vermont Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Is a comprehensive legal document that governs the pooling and servicing of mortgage loans in the state. Its purpose is to provide clarity, protection, and accountability for all parties involved in the process, while ensuring compliance with relevant laws and regulations.
Vermont Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.
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