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2. Employee Improprieties Attributed to the Mortgagee (09/14/2015)
Criminal, fraudulent, or other seriously improper conduct by an officer, director, shareholder, partner, employee, or other individual associated with a Mortgagee may be attributed to the Mortgagee with which the individual is connected when the improper conduct occurred in connection to the individual’s performance of duties for or on behalf of the Mortgagee, or with the Mortgagee’s knowledge, approval, or acquiescence. Such impropriety may result in appropriate administrative sanctions against the Mortgagee.