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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Opinions are mine and subject to change frequently