(B) Is just a Housing Finance Agency, as defined in 24 CFR 266.5; or

(C) Is really an entity that is nonprofit solutions 5,000 or less home mortgages, including any home loans 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 letter through the irs under section 501(c)(3) associated with Internal Revenue 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 expand and help 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. 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 comply with any needs from where the servicer is no longer exempt as a tiny servicer. More