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SEC allows reasonable reliance for ABS/MBS in Sarbanes-Oxley

While the securitization markets did not get the bifurcation of single-party certification initially sought, a minor victory was won in the newly released revisions to the Sarbanes-Oxley Act. The statement, released Feb. 21, now includes a provision allowing for indemnification to whichever entity - depositor, servicer or trustee -...

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