Declarations -updated
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The document outlines a detailed process for preparing, verifying, submitting, and completing plan objection declarations. Key steps include filing the necessary documents, ensuring consistent information across all records, and finalizing the submission for review and signature. It also includes instructions for managing documents post-approval, such as scanning and uploading to LPS, as well as updating the executed documents log.
Declarations -updated
- 1. Updated/Edited 10/22/12 Zebehazy DECLARATIONS Part I: Preparation 1. Verify that the POC has been filed. 2. In LPS, launch the Plan Objection Declaration Execution process.* a. Complete Step 1 so that the blank Declaration is uploaded to LPS. 3. Print all of your documents: a. Declaration b. Objection c. POC d. Plan e. Note and Deed f. Other documents as needed: This will depend on what is referenced by the attorney in the Objection and/or Declaration. Generally, these will be the schedules (A, I, and J from the Petition), investor info, and current payment amount. 4. Prepare a folder with a Post-It with the loan number and Debtor’s name. *N. B.: If the Declaration requires a Notary seal, these are handled out of the West Hills office and would require the launching of the Plan Objection Affidavit Execution process rather than the Plan Objection Declaration Execution process. Part II: Verification 1. Ensure that the name and address of the Debtor match on the Objection, Declaration and AS400 2. Check that the arrearages match the POC, Objection and Declaration. 3. Verify that the investor information matches. 4. Any figures or information from the Plan needs to be exact as well. 5. Be sure that if there is any mention of the Note and Deed the facts and figures match those documents as well as AS400. Part III: Submission 1. Put the package together for Team Lead/Manager review: a. Objection b. Declaration c. POC d. Plan e. Note and Deed f. Anything else 2. Complete step 2 of the Plan Objection Declaration Execution rail. Doing so will launch the Plan Obj. Declaration Associate Review process, which will be needed later. 3. Submit to your Team Lead/Team Manager for review and submission for signature. Part IV: Completion 1. Scan in the signed document. 2. Upload to LPS. 3. Complete Step 2 of the Plan Obj. Declaration Associate Review process. 4. Intercom the attorney to advise that the signed Declaration is in LPS, under Miscellaneous Correspondence, and request that Step 3 be completed upon receipt. 5. Turn the hard copy in to Ann for mailing under separate cover. 6. Add the loan to the Executed Docs spreadsheet: W:RiskBankruptcyExecuted Documents Log