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#2189776 - 08/20/18 05:19 PM Small Servicer - exemptions
Love those Regs Offline
Gold Star
Joined: Apr 2002
Posts: 296
Southern State
I am confusing myself and need some direction - we qualify as a small servicer but we still must comply with section 1024.33(b) - notices of transfer of loan servicing - right? If we fail to provide this notice in a timely manner (1024.33(b)(3)) or fail to provide all the contents (1024.33(b)(4)) we have regulatory violations don't we? I don't see that small servicers are exempt from this particular part of the regulation.
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#2189784 - 08/20/18 05:43 PM Re: Small Servicer - exemptions Love those Regs
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
You're correct. There is no exemption.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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