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REV: 06-11-25 LF In the event the borrower reinstates the loan, Consultant will remit to the City payments received from the borrower. For those loans that are reinstated by the borrower, Consultant will resume normal servicing functions. Bankruptcy Administration Services 1. Chapter 7 Bankruptcy: a. Upon receipt of notification from a court of law, debtor (borrower), or the City, of a Chapter 7 bankruptcy for a debtor serviced by Consultant, Consultant will modify the account in preparation for monitoring of payments. Additionally, a Reaffirmation Agreement will be generated and forwarded to the borrower’s attorney (debtor’s counsel) for signature, and to the appropriate court upon receipt of the executed document. This fully enforceable agreement, if executed, will retain the lien as secured and will keep the lien from being discharged as part of the Chapter 7 discharge. If the borrower has no legal counsel and has filed their bankruptcy petition “pro se”, (on their own behalf) or with the assistance of a licensed paralegal, Consultant can communicate directly with the borrower. b. Upon default of borrower’s remittance of payments during the bankruptcy, Consultant will notify the borrower’s (debtor’s) counsel and Chapter 7 Trustee advising of the default, but if filed pro se, then the debtor would be notified directly. c. Should the Chapter 7 Trustee determine that assets are available for distribution to creditors, Consultant will file a Proof of Claim on behalf of the City. 2. Chapter 13 Bankruptcy: a. Upon receipt of notification from a court of law, debtor (borrower), or the City, of a Chapter 13 bankruptcy for a debtor serviced by Consultant, Consultant will notify the City its intention to file a Proof of Claim as well as supporting bankruptcy documentation, and will file with the appropriate court. Upon receipt of a returned filed Proof of Claim from the court, Consultant will forward a copy of same to the City and will begin monitoring post and pre-petition payments to borrower’s loan account. b. Upon default of borrower in the remittance of post-petition payments, Consultant will notify the borrower’s (debtor’s) counsel of the default, instructing that further default will result in the filing of a Motion for Relief. If the borrower has no legal counsel and has filed their bankruptcy petition “pro se” (on their own behalf) or with the assistance of a licensed paralegal, Consultant can communicate directly with the borrower. In addition, notification of the default will be forwarded to the Trustee’s office. Should there be a continued default in post-petition payments, and at the instruction of the City, Consultant will file the Motion for Relief using legal counsel approved by the City. Once authorized by the court, and as directed by the City, Consultant may then begin foreclosure proceedings. ATTY/AGR.2025.144/AmeriNational Community Services, LLC d/b/a AmeriNat (Page 22 of 31)