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Nevada
Las Vegas
Pooling and Servicing Agreement between IMPAC Secured Assets Corp....

Las Vegas Nevada Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.

Category:

Corporations - Public - Pooling and Servicing

State:

Multi-State

City:

Las Vegas

Control #:

US-EG-9042

Format:

Word;

Rich Text

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Description

Pooling and Servicing Agr. btwn IMPAC Secured Assets Corporation, IMAC Funding Corporation and Northwest Bank Minnesota, National Association dated Dec. 1, 1999. 142 pages

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Interesting Questions

Can the terms of the agreement change over time?

Yes, the terms of the Pooling and Servicing Agreement can be adjusted, but any changes usually require agreement from all parties involved, like getting everyone on the same page before flipping the script.

How are the investors protected under this agreement?

Investors are protected through guidelines and procedures set in the agreement that ensure that the loans are managed properly, safeguarding their investments like a life jacket in choppy waters.

What is the purpose of pooling loans in this agreement?

Pooling loans helps to spread the risk and make managing multiple loans easier. It's like sharing a big pizza; everyone gets a piece without having the whole pie to handle alone.

Who are the main parties involved in this agreement?

The key players in this agreement are IMPAC Secured Assets Corp., IMAC Funding Corp., and Northwest Bank Minnesota, National Association. They all work together to manage the pooled assets.

What is the Pooling and Servicing Agreement in Las Vegas?

The Pooling and Servicing Agreement is a contract where loans are bundled together and managed by certain parties, like IMPAC Secured Assets Corp., IMAC Funding Corp., and Northwest Bank. It’s how they handle the assets in a smooth and organized way.