Mortgage servicing transfers.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) (A) A transfer between affiliates; (B) A transfer that results from mergers or acquisitions of servicers or subservicers; (C) A transfer that occurs between master servicers without changing the subservicer; (ii) The Federal Housing Administration (FHA) is not required to provide to the borrower a notice of transfer where a mortgage insured under the National Housing Act is assigned to the FHA. (3) (ii) (A) Termination of the contract for servicing the loan for cause; (B) Commencement of proceedings for bankruptcy of the servicer; (C) Commencement of proceedings by the FDIC for conservatorship or receivership of the servicer or an entity that owns or controls the servicer; or (D) Commencement of proceedings by the NCUA for appointment of a conservator or liquidating agent of the servicer or an entity that owns or controls the servicer. (iii) (4) (i) The effective date of the transfer of servicing; (ii) The name, address, and a collect call or toll-free telephone number for an employee or department of the transferee servicer that can be contacted by the borrower to obtain answers to servicing transfer inquiries; (iii) The name, address, and a collect call or toll-free telephone number for an employee or department of the transferor servicer that can be contacted by the borrower to obtain answers to servicing transfer inquiries; (iv) The date on which the transferor servicer will cease to accept payments relating to the loan and the date on which the transferee ser

official document · source cfr-2024 · id 12:§ 1024.33