The lender must disclose at the time of a loan application whether the loan may be transferred or assigned.

Name: The lender must disclose at the time of a loan application whether the loan may be transferred or assigned.
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Under the Real Estate Settlement Procedures Act (RESPA), lenders are required to provide a servicing disclosure statement at the time of the loan application, informing the borrower whether the servicing of the loan may be transferred to a different loan servicer.

The Lender Must Disclose at the Time of a Loan