mortgage servicing

mortgage servicing. The administration of a mortgage loan, including the collection of payments, release of liens, and payment of property insurance and taxes. • Servicing is usu. performed by the lender or the lender’s agent, for a fee. [Cases: Mortgages 211. C.J.S. Mortgages §§ 274–276.]

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词条贡献者

译者Carl，知名法学院保险学专业，擅长翻译各种与保险理赔追索相关的法律文件。