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