(B) Is just a Housing Finance Agency, as defined in 24 CFR 266.5; or
(C) Is an entity that is nonprofit services 5,000 or less home loans, including any home mortgages serviced with respect to associated nonprofit entities, for several of that the servicer or an associated nonprofit entity may be the creditor. The following definitions apply for purposes of this paragraph (e)(4)(ii)( C)
(1) The expression “nonprofit entity” means an entity having a taxation exemption ruling or dedication page through the irs under section 501(c)(3) for the Internal sales Code of 1986 (26 U.S.C. 501(c)(3); 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 help a standard charitable objective or function.
(iii) Small servicer determination. In determining whether a servicer satisfies paragraph (age)(4)(ii)(A) of the area, the servicer is examined in line with the home loans serviced by the servicer and any affiliates at the time of January 1 and also for the rest for the twelve months. The servicer is evaluated based on the mortgage loans serviced by the servicer as of January 1 and for the remainder of the calendar year in determining whether a servicer satisfies paragraph (e)(4)(ii)(C) of this section. A servicer that ceases to qualify as a tiny servicer may have half a year through the time it stops to qualify or before the next January 1, whichever is later on, to conform to any needs from where the servicer is no longer exempt being a tiny servicer.