The North Carolina Subsequent Transfer Agreement is a legally binding document between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. It outlines the terms and conditions for the purchase and sale of mortgage loans in North Carolina. This agreement is specifically designed to govern the subsequent transfer of mortgage loans from LCC Mortgage Investors, Inc. to Bankers Trust of CA, N.A. after the initial origination or acquisition. It ensures a smooth and seamless process, protecting the rights and interests of both parties involved. Key provisions of the North Carolina Subsequent Transfer Agreement may include: 1. Consent and Approval: This agreement states that LCC Mortgage Investors, Inc. has obtained all necessary consent and approvals required for the subsequent transfer of mortgage loans to Bankers Trust of CA, N.A., in compliance with North Carolina state laws and regulations. 2. Representations and Warranties: Both parties will make representations and warranties regarding the legality, validity, and enforceability of the mortgage loans being transferred. This ensures that the loans are free from any encumbrances, defects, or liens that could adversely affect the transaction. 3. Purchase Price and Payment Terms: The agreement specifies the purchase price for the mortgage loans and the terms of payment. It may outline the payment schedule, interest rates, and any other financial considerations involved in the transaction. 4. Delivery and Documentation: This section outlines the necessary documentation and procedures for the transfer of mortgage loans. It may include requirements for the physical or electronic delivery of loan files, supporting documents, and the transfer of related legal rights and obligations. 5. Indemnification and Liability: The North Carolina Subsequent Transfer Agreement establishes the indemnification obligations of each party. It outlines the scope of liability and any limitations, providing protections for both LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. in case of any losses, claims, or legal disputes arising from the transfer of mortgage loans. It is important to note that the specific types or variations of the North Carolina Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. may vary based on the unique circumstances of each transaction. Modifications, amendments, or additional documents may be required to address specific requirements, legal provisions, or contractual obligations.
North Carolina Subsequent Transfer Agreement between MLCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. regarding consummation for purchase and sale of mortgage loans
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How to fill out Subsequent Transfer Agreement Between MLCC Mortgage Investors, Inc. And Bankers Trust Of CA, N.A. Regarding Consummation For Purchase And Sale Of Mortgage Loans?
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