### Question
Can you define what servicing means?


### Answer
**Servicing** is defined as the following in *12 U.S.C. § 2605*:

> receiving any scheduled periodic payments from a borrower pursuant to the terms of any loan, including amounts for escrow accounts described in section 2609 of this title, 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:
  - *12 U.S.C. § 2605*
  - Heading: **CHAPTER 27-REAL ESTATE SETTLEMENT PROCEDURES**

