### Question
Can you define what servicer means?


### Answer
**Servicer** is defined as the following in *42 U.S.C. § 4121*:

> the person responsible for receiving any scheduled periodic payments from a borrower pursuant to the terms of a loan, including amounts for taxes, insurance premiums, and other charges with respect to the property securing the loan, and making the payments of principal and interest and such other payments with respect to the amounts received from the borrower as may be required pursuant to the terms of the loan

#### Citation:
  - *42 U.S.C. § 4121*
  - Heading: **CHAPTER 50-NATIONAL FLOOD INSURANCE > SUBCHAPTER IV-GENERAL PROVISIONS**

