Mortgage Servicing Transfer Disclosure with GFE?

Posted By: C Kays

Mortgage Servicing Transfer Disclosure with GFE? - 08/23/07 03:17 PM

At the Florida Compliance Conference last April, an examiner (I think Bill Beall of FRB) told us that the servicing disclosure may be provided to applicants within 3 business days because somewhere in the 7/29/02 RESPA interim rule, HUD changed the Section 6 language (at time of application) to be "in conjunction with the GFE." I can't find it! He promised us that examiners were being instructed enforce the 3 bus day rule, not at application.

Does anyone remember the timing in 3500.21(b)(1)switching to within 3 business days?

Thanks!
Posted By: Dan Persfull

Re: Mortgage Servicing Transfer Disclosure with GFE? - 08/23/07 03:28 PM

Click here .
Posted By: C Kays

Re: Mortgage Servicing Transfer Disclosure with GFE? - 08/23/07 05:37 PM

Thank you so much!