Under RESPA servicing rules, how many days before the effective date must a borrower be notified of a loan servicing transfer?
Correct Answer
B) 15 days
RESPA Section 6 requires servicers to provide borrowers with written notice at least 15 days before the effective date of the servicing transfer.
Why This Is the Correct Answer
RESPA Section 6 requires servicers to provide borrowers with written notice at least 15 days before the effective date of the servicing transfer.
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