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Drive Auto Receivables Trust 20191
Class A1 2.77978% Asset Backed Notes
Class A2A 3.08% Asset Backed Notes
Class A2B LIBOR + 0.39% Asset Backed Notes
Class A3 3.18% Asset Backed Notes
Class B 3.41%
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What is servicers certificate?
A servicers certificate is a document that certifies the servicing activities related to loans or mortgages, confirming compliance with regulations and outlining the details of servicing practices.
Who is required to file servicers certificate?
Servicers of loans, including mortgage servicers and loan managers, are typically required to file the servicers certificate to report their servicing activities to regulatory authorities.
How to fill out servicers certificate?
To fill out a servicers certificate, gather relevant data about the loans serviced, complete the required sections detailing servicing activities, compliance status, and any discrepancies, and submit it according to regulatory guidelines.
What is the purpose of servicers certificate?
The purpose of a servicers certificate is to ensure transparency and compliance in loan servicing, providing a formal account of activities and performance metrics to regulators and stakeholders.
What information must be reported on servicers certificate?
The servicers certificate must include information such as loan identifiers, servicing activities performed, compliance with regulations, financial reporting, and any issues encountered in servicing.
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