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#1538428 - 04/20/11 09:11 PM Reg P - No servicing rights
gmh1234 Offline
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Joined: Apr 2007
Posts: 9
If a customer contacts the Bank to opt-out and at the time the Bank receives the opt-out information the customer’s loan has been sold and the Bank does not retain the rights to service the loan. Does Reg P require the Bank to forward the customer’s opt-out notice to the new servicer?

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#1538936 - 04/21/11 06:14 PM Re: Reg P - No servicing rights gmh1234
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
I am not aware of anything in the regulations that would require you to do so, but you might review your purchase/sale contract.
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