A Georgia residential mortgage loan is transferred to a new lender on 2 March 2026. For a covered transfer of loan ownership, what calendar-day deadline applies to the transfer disclosure?
Correct Answer
B) A transfer disclosure is owed by the 30th calendar day after transfer
Where a residential mortgage loan is transferred, the transferee lender must provide the borrower a Mortgage Transfer Disclosure on or before the thirtieth calendar day following the date of transfer, to the extent federal law requires it. Other choices: 15 days is not the period; unchanged terms do not remove the duty to say who now holds the loan; and the trigger is the transfer rather than a servicing change. Source: Ga. Comp. R. & Regs. 80-11-1-.01(8)
Why This Is the Correct Answer
Where a residential mortgage loan is transferred, the transferee lender must provide the borrower a Mortgage Transfer Disclosure on or before the thirtieth calendar day following the date of transfer, to the extent federal law requires it. Other choices: 15 days is not the period; unchanged terms do not remove the duty to say who now holds the loan; and the trigger is the transfer rather than a servicing change. Source: Ga. Comp. R. & Regs. 80-11-1-.01(8)
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