A borrower's mortgage servicer transfers the loan to a new servicer. The borrower sends their first payment to the old servicer by mistake. Under RESPA, what protection does the borrower have during the transition period?

The borrower has no protection; the payment is considered delinquent if sent to the wrong servicer For 60 days after the transfer, the borrower cannot be charged a late fee for payments sent to the old servicer The borrower must contact the new servicer within 5 business days or the payment is forfeited The old servicer must refund the payment immediately and the borrower must resend it within 15 days