Categories: Treasury

LOAN SERVICING ARRANGEMENTS, LOAN SERVICER

An arrangement whereby one party (the loan servicer) agrees to collect payments from borrowers on behalf of the holder(s) of the loan. The loan servicer may be the originator of the loans, or may be another institution. The loan servicer/administrative agent should report the outstanding loans to U.S. resident borrowers owed to foreign residents on the BL-2 ( if U.S. dollar-denominated), or the BQ-2 (if foreign currency-denominated) (except when pooled into CLOs, these should be reported by U.S. CLO Trustee).

SEC

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