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#2003189 - 03/21/15 04:01 PM Servicing Transfer Disclosure After August 1st
Carol Hopper Offline
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Carol Hopper
Joined: Jul 2008
Posts: 96
Central Missouri
On page three of the loan estimate there is a section referencing who will service the loan. Will this be redundant and we still will issue the servicing transfer disclosure?
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TRID - TILA/RESPA Integrated Disclosures Rule
#2003190 - 03/21/15 04:10 PM Re: Servicing Transfer Disclosure After August 1st Carol Hopper
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,360
Galveston, TX
Because the Bureau has incorporated the servicing disclosure statement under RESPA section 6(a) into the Loan Estimate, as described in the section-by-section analysis of § 1026.37(m) below, the Bureau is adopting in this final rule an amendment to § 1024.33(a), which limits the requirement to provide the servicing disclosure statement to reverse mortgage transactions. The Bureau intends this amendment to reflect the requirement that the Loan Estimate include the servicing disclosure statement under § 1026.37(m)(6) for transactions subject to § 1026.19(e), thereby eliminating a duplicative disclosure requirement.
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#2003191 - 03/21/15 04:32 PM Re: Servicing Transfer Disclosure After August 1st Carol Hopper
Carol Hopper Offline
Member
Carol Hopper
Joined: Jul 2008
Posts: 96
Central Missouri
Thank you.
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If you aren't part of the solution - Then you are part of the problem.

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