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THE MBA AND THE COMMERCIAL MORTgage Securities Association (CMSA), New York, have announced they have formed the joint CMBS Loan Documentation Integrity Task Force. The task force will address problems arising from incomplete or defective loan files before they have a significant impact on the CMBS industry. Its objective is to establish uniform guidelines among participants in a CMBS transaction and provide for remedies in case of a breach of the guidelines, simplifying the convoluted document trail currently part of the CMBS securitization process and streamlining procedures and processes in the marketplace, according to the task force. The task force plans to issue a written report of its findings and recommendations in first-quarter 2001. More information can be found at www.mbaa.org.