The servicing of your mortgage
loan is being transferred, effective [Date]. This means that after
this date, a new servicer will be collecting your mortgage loan payments
from you. Nothing else about your mortgage loan will change.
[Name of present servicer] is now
collecting your payments. [Name of present servicer] will stop accepting
payments received from you after [Date].
[Name of new servicer] will collect your payments going
forward. Your new servicer will start accepting payments received
from you on [Date].
Send all payments due on or after [Date] to [Name of
new servicer] at this address: [New servicer address].
If you have any questions for either
your present servicer, [Name of present servicer] or your new servicer
[Name of new servicer], about your mortgage loan or this transfer,
please contact them using the information below:
Notice of Servicing
Transfer
| Current
Servicer: |
New Servicer: |
| [Name of present servicer] |
[Name of new servicer] |
| [Individual or Department] |
[Individual or Department] |
| [Telephone Number] |
[Telephone Number] |
| [Address] |
[Address] |
[Use this paragraph if appropriate;
otherwise omit.] Important note about insurance: If you have mortgage
life or disability insurance or any other type of optional insurance,
the transfer of servicing rights may affect your insurance in the
following way:
You should do the following to maintain coverage:
Under Federal law, during the 60-day period following
the effective date of the transfer of the loan servicing, a loan payment
received by your old servicer on or before its due date may not be
treated by the new servicer as late, and a late fee may not be imposed
on you.
[NAME
OF PRESENT SERVICER]
Date
[and] [or]
[NAME OF NEW SERVICER]
Date
