Recoverable Corporate Advance/RCA

16:24 Dec 23, 2022
English to Polish translations [PRO]
Law/Patents - Finance (general)
English term or phrase: Recoverable Corporate Advance/RCA
Appearing in a mortgage statement
Corporate Advance means, collectively, (a) any advance (other than those described in clause (b) below) made by the Borrower as servicer pursuant to the Servicing Contracts to inspect, protect, preserve or repair properties that secure defaulted Mortgage Loans or that have been acquired through foreclosure or deed in lieu of foreclosure or other similar action pending disposition thereof, or for similar or related purposes, including, but not limited to, necessary legal fees and costs expended or incurred by the Borrower as servicer in connection with foreclosure, bankruptcy, eviction or litigation actions with or involving Mortgagors on defaulted Mortgage Loans, as well as costs to obtain clear title to such a property, to protect the priority of the lien created by a Mortgage Loan on such a property, and to dispose of properties taken through foreclosure or by deed in lieu thereof or other similar action,
Arkadiusz Adamowicz
Local time: 07:56


Summary of answers provided
3Ściągalna Zaliczka Firmowa
Kamila Ołtarzewska
3zaliczka łączna podlegająca zwrotowi od kredytobiorcy
Frank Szmulowicz, Ph. D.
3odzyskiwalna zaliczka firmowa
Maja Walczak


  

Answers


21 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Ściągalna Zaliczka Firmowa


Explanation:
tak

Kamila Ołtarzewska
Poland
Local time: 07:56
Specializes in field
Native speaker of: Polish
PRO pts in category: 64
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28 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
recoverable corporate advance/rca
zaliczka łączna podlegająca zwrotowi od kredytobiorcy


Explanation:
corporate tutaj występuje w znaczeniu
3. United or combined into one body; collective: made a corporate effort to finish the job.
https://www.thefreedictionary.com/corporate

Corporate advances are expenses the servicer paid that are recoverable from the borrower. Allowable advances might include bankruptcy fees, for instance. After a borrower files for bankruptcy, the servicer might incur attorneys' fees and costs as part of the bankruptcy process.
https://www.nolo.com/legal-encyclopedia/what-fees-can-the-le...

A recoverable corporate advance fee is a fee or total of fees M&T will pay on behalf of their customer to cover default servicing-related expenses such as bankruptcy advances, foreclosure costs, delinquent HOA payments, and property inspections, maintenance, or valuation fees.

https://www3.mtb.com/personal/mortgages-and-loans/mortgage/m...


zaliczka podlegająca zwrotowi
rzeczownik
recoverable advance
https://www.diki.pl/slownik-angielskiego?q=zaliczka podlegaj...

Frank Szmulowicz, Ph. D.
United States
Local time: 01:56
Works in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 1109
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5 days   confidence: Answerer confidence 3/5Answerer confidence 3/5
odzyskiwalna zaliczka firmowa


Explanation:
.

Example sentence(s):
  • Oprocentowanie zaliczki zwrotnej oraz sumy potrącone od kredytu są równe referencyjnej stopie procentowej stosowanej przez

    https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2009:225:0001:0052:PL:PDF
Maja Walczak
Poland
Local time: 07:56
Native speaker of: Native in PolishPolish
PRO pts in category: 50
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