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Regulation AB

Asset-Backed Securities





Item 1123 -- Servicer Compliance Statement

Provide as an exhibit a statement of compliance from the servicer, signed by an authorized officer of such servicer, to the effect that:

  1. A review of the servicer’s activities during the reporting period and of its performance under the applicable servicing agreement has been made under such officer’s supervision.

  2. To the best of such officer’s knowledge, based on such review, the servicer has fulfilled all of its obligations under the agreement in all material respects throughout the reporting period or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof.

Instruction to Item 1123.

If multiple servicers are involved in servicing the pool assets, a separate servicer compliance statement is required from each servicer that meets the criteria in Item 1108(a)(2)(i) through (iii) of this Regulation AB.

Regulatory History


70 FR 1506, 1614, Jan. 7, 2005

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