A San Diego California Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. regarding consummation for purchase and sale of mortgage loans refers to a legally binding contract that establishes the terms and conditions for the transfer of mortgage loans from LCC Mortgage Investors, Inc. to Bankers Trust of CA, N.A. after an initial agreement has been formed. This agreement outlines the specific details of the transaction, including the parties involved, the types and quantities of mortgage loans being transferred, and the responsibilities and obligations of each party. It serves as a contract extension to the original agreement, solidifying the arrangements for the subsequent transfer of the mortgage loans. Key elements covered in the San Diego California Subsequent Transfer Agreement may include: 1. Parties Involved: LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. 2. Effective Date: The date on which the subsequent transfer agreement becomes operational. 3. Transfer Requirements: The criteria that the mortgage loans need to meet for a successful transfer, such as loan documents, clear title, and compliance with applicable laws and regulations. 4. Loan Details: Description of the mortgage loans being transferred, including loan amounts, terms, interest rates, and borrower information. 5. Purchase Price: The agreed-upon price Bankers Trust of CA, N.A. will pay to LCC Mortgage Investors, Inc. for the mortgage loans. 6. Representations and Warranties: Assurances made by LCC Mortgage Investors, Inc. that the mortgage loans are accurate, valid, and fully compliant with applicable laws and regulations. 7. Indemnification: Provisions outlining the responsibilities of each party for handling legal claims, losses, or damages arising from the subsequent transfer. 8. Conditions Precedent: Any specific requirements that need to be fulfilled before the transfer can take place, such as regulatory approvals or third-party consents. 9. Governing Law and Jurisdiction: Specification of the location and legal system under which any disputes will be resolved. It's important to note that while this description covers the general elements, there may be variations or additional clauses depending on the specific type of San Diego California Subsequent Transfer Agreement between LCC Mortgage Investors, Inc. and Bankers Trust of CA, N.A. Examples of different types could include agreements for bulk transfers or securitization of mortgage loans, each with their own unique terms and conditions tailored to the specific transaction.
San Diego California 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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