Servicing Disclosure Statement Form printable pdf download

Servicing Disclosure Statement Form

SERVICING DISCLOSURE STATEMENT

Lender

Borrower

Date

Loan Number

Property Address

NOTICE TO FIRST LIEN MORTGAGE LOAN APPLICANTS: THE RIGHT TO

COLLECT YOUR MORTGAGE LOAN PAYMENTS MAY BE TRANSFERRED.

You are applying for a mortgage loan covered by the Real Estate Settlement Procedures Act (RESPA ) (1 2

U.S.C. 2 6 0 1 et seq. ). RESPA gives you certain rights under Federal law. This statement describes whether

the servicing for this loan may be transferred to a different loan servicer. " Servicing" refers to collecting

your principal, interest , and escrow payments, if any , as well as sending any monthly or annual statements,

tracking account balances, and handling other aspects of your loan. You w ill be given advance notice before

a transfer occurs.

Servicing Transfer Information

We may assign, sell, or transfer the servicing of your loan while the loan is outstanding.

We do not service mortgage loans of the type for which you applied. We intend to assign, sell, or

transfer the servicing of your mortgage loan before the first payment is due.

The loan for which you have applied will be serviced at this financial institution and we do not intend to

sell, transfer, or assign the servicing of the loan.

By signing below, I/we acknowledge receiving a copy of this disclosure.

Applicant ______________________

Date

Applicant

Date

Applicant

Date

Applicant

Date

Servicing Disclosure Statement Form