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CHAPTER 17SERVICING THE RECORDS AND ABBREVIATIONS PART A: SERVICING THE RECORDS 17000 17001 17002 17003 17004GENERAL PERSONNEL PROCEDURES CHECKOFF LIST ADMINISTRATIVE AUDIT OF RECORDS CLASS III RESERVISTS
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Servicing form records are documents that track all activities related to servicing a particular account or asset.
Financial institutions or service providers who are responsible for servicing a financial account or asset are required to file servicing form records.
Servicing form records can be filled out electronically or manually by documenting all relevant information such as transactions, updates, communications, and any other servicing activities.
The purpose of servicing form records is to maintain a detailed record of all servicing activities performed on a financial account or asset for compliance, auditing, and monitoring purposes.
Information such as account details, transaction history, communication logs, account updates, and any other relevant servicing activities must be reported on servicing form records.
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