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Master Servicers, in addition to their normal functions as set forth in the PSA, also provide...

Master Servicers, in addition to their normal functions as set forth in the PSA, also provide a “liquidity facility” that bridges the time gap between principal and interest payments by borrowers and payments to bondholders.

TRUE/FALSE

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TRUE

Because master servicers are obligated to have the investors best interest and pricipal amounts in mind, while approving the loans. so they should ensure the investors money on demand.

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