EDUCATIONAL CREDIT MANAGEMENT CORPORATION INDEMNIFICATION AGREEMENT FOR THE ASSIGNMENT OF GUARANTEED STUDENT LOANS WITH DAMAGED OR LOST PROMISSORY NOTES
Borrower’s SSN: ____________________
Loan disbursement date:
Loan disbursement amount: ____________________ ** Use a separate form for each loan document
_______________________ (herein “Agency”) has assigned all rights, title and interest in the abovereferenced promissory note to the Educational Credit Management Corporation (“ECMC”). By executing the Indemnification Agreement, Agency certifies that the original promissory note for the loan described above is lost, missing or damaged. (The best possible copy or certified true copy is attached when applicable.) If the loan represented by the promissory note should become uninsurable or uncollectible only by reason of lost, missing or damaged promissory note, Agency hereby warrants that it will indemnify ECMC against all liability incurred and any obligation lost by ECMC.
________________________ Agency official