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12 U.S. Code 2605 – Repair regarding mortgage loans and you may government out of escrow membership
Differing people whom produces good federally associated mortgage should reveal to every individual that can be applied on the financing, during loan application, whether or not the upkeep of one’s loan can be assigned, sold, otherwise transferred to virtually any individual when since loan are an excellent.
Per servicer of any federally associated real estate loan shall alert new borrower written down of any project, sales, otherwise transfer of one’s upkeep of one’s loan to any most other individual. (mais…)