Fill and Sign the Notice of Assignment Mortgage Loansfree Legal Forms

- 1 - Notice of Assignment, Sale, or Transfer of Servicing Rights, Mortgage Loans Borrower _________________________ Borrower _________________________ Borrower _________________________ Borrower _________________________ Bank Name________________________ Closing Date________________________ You are hereby notified that the servicing of your mortgage loan, that is, the right to collect payments from you, is being assigned, sold, or transferred from _______________________ to ____________________________, effective ___________________, 20____. The assignment, sale or transfer of the servicing of the mortgage loan does not affect any term or condition of the mortgage instruments, other than terms directly related to the servicing of your loan. Except in limited circumstances, the law requires that your lender send you this notice at least 15 days before the effective date of transfer, or at closing. Your new servicer must also send you this notice no later than 15 days after this effective date or at closing. In this case, all necessary information is combined in one notice. Your lender is: ______________________________ . If you have any questions relating to the transfer of servicing from your lender call ______________________ between ______ a.m. and ______ p.m., Monday through Friday. This is a ( ) Toll Free number ( ) Collect number Your new servicer and its business address are: _________________________________ _________________________________ _________________________________ The toll free number of your servicer is 1-800-________________. If you have any questions relating to the transfer of servicing to your new servicer call: Department: Customer ServicePhone: _____________________between_____ A.M. and _____ P.M. Monday through Friday. The date that your new servicer will start accepting payments from you is: ____________________________. Send all payments due on or after that date to your new servicer. You should also be aware of the following information, which is set out in more detail in Section 6 of the Real Estate Settlement Procedure Act (RESPA) (12 U.S.C. § 2605): During the 60-day period following the effective date of the transfer of the loan servicing, a loan payment received by your old servicer before its due
Date on a payment received by your new service will be considered your original obligation for payment on your new service. If you have a second-time lender, a change of lender occurs if you pay more than your agreement in the first or second mortgage transaction after this settlement procedure has been complied with. If you pay more, you will be automatically referred to the new lender. If your old service has completed the mortgage loan servicing, you may call or visit the new service in person in order to change lenders or to obtain the new company's contact information, or you may send a copy (see below) of your second-time lender's account statement, as soon as possible after you notify your new service that you need to change lenders. A copy of your second-time lender account statement sent to your new service will also be mailed to you. A completed loan application in the new lender should be enclosed with the payment as well as if you have a second-time lender. Notice to creditors (fri-semifinal notice) for a mortgage loan in which you received a mortgage loan in the final settlement procedure (fri-semifinal notice) you have 90 days after the effective date of the transfer of the loan servicing to request the creditor to deliver to you a second-time letter. This second-time notice will require you to provide the creditor with additional information to show that the creditor received the information described in the first-time notice. For each mortgage loan that you have received a loan notice for, you must send a second-time notice no later than 30 days after receipt of the first mortgage loan notice. Upon receipt of your second-level notice, the creditor is to send you the information described in your first notice and the creditor's fee schedule with notice of a second-time letter due if you did not request you a second-time letter. If you paid the mortgage loan by the due date, you will not have any outstanding obligations from a second-time notice. If you have not received a second- or third-level notice within 90 days of the date on which you first requested a second- and/or third-level notice, you must notify the creditor that the third or later-level notice would be sent if you did not receive your first-level notice within 90 days. This notice should be sent to the creditor's registered office located at:, telephone: or . Upon receipt of your notice of a second.