(B) Is really a Housing Finance Agency, as defined in 24 CFR 266.5; or
(C) Is a nonprofit entity that solutions 5,000 or less home mortgages, including any home loans serviced on the behalf of associated nonprofit entities, for many of that the servicer or an associated nonprofit entity may be the creditor. For purposes of the paragraph (age)(4)(ii)(C), the next definitions use:
(1) The expression “nonprofit entity” means an entity having a tax exemption ruling or dedication page through the irs under section 501(c)(3) regarding the Internal sales Code of 1986 (26 U.S.C. 501()( that is c); 26 CFR 1.501(c)(3)-1), and;
(2) The expression “associated nonprofit entities” means nonprofit entities that by agreement operate utilizing a typical title, trademark, or servicemark to help and support a typical charitable objective or function.
(iii) Small servicer determination. The servicer is evaluated based on the mortgage loans serviced by the servicer and any affiliates as of January 1 and for the remainder of the calendar year in determining whether a servicer satisfies paragraph (e)(4)(ii)(A) of this section. In determining whether a servicer satisfies paragraph (age)(4)(ii)(C) of the part, the servicer is evaluated in line with the home loans serviced by the servicer at the time of January 1 and also for the rest associated with season. A servicer that ceases to qualify as a tiny servicer could have half a year through the time it stops to qualify or until the next January 1, whichever is later on, to adhere to any demands from where the servicer is no longer exempt as a servicer that is small.