EDUCATIONAL CREDIT MANAGEMENT CORPORATION INDEMNIFICATION AGREEMENT FOR THE ASSIGNMENT OF

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EDUCATIONAL CREDIT MANAGEMENT CORPORATION INDEMNIFICATION AGREEMENT FOR THE ASSIGNMENT OF Powered By Docstoc
					EDUCATIONAL CREDIT MANAGEMENT CORPORATION INDEMNIFICATION AGREEMENT FOR THE ASSIGNMENT OF GUARANTEED STUDENT LOANS WITH DAMAGED OR LOST PROMISSORY NOTES
Borrower’s SSN: ____________________

Borrower name:

____________________

Loan type:

____________________

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.

Date:

____________________

________________________ Agency official

_________________________ Title