Transcription of CHAPTER 18: NON-PERFORMING LOANS
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CHAPTER 18: NON-PERFORMING LOANS
HB-1-3555 18-1 (03-09-16) SPECIAL PN (03-09-16) SPECIAL PN Revised (07-02-18) PN 514 CHAPTER 18: servicing NON-PERFORMING LOANS ACCOUNTS with repayment PROBLEMS 7 CFR INTRODUCTION The servicer is required to employ an experienced and knowledgeable staff, follow accepted industry servicing practices, and maintain a servicing platform that keeps records of all servicing actions. Servicers are fully responsible for complying with this CHAPTER regardless of any sub- servicing arrangements. Appendix 8 of this Handbook outlines the servicer s responsibility to report to the Agency all delinquent LOANS and quarterly portfolio reports through EDI.
hb-1-3555 . 18-1 (03-09-16) special pn revised (10-14-20) pn 543 . chapter 18: servicing non-performing loans – accounts with repayment problems
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