Loan Origination Activities · 27% of the SAFE exammedium
Correct answer: Both the old servicer (15 days before) and new servicer (15 days after)
Under RESPA Section 6, both servicers must notify the borrower: the transferring servicer at least 15 days before the effective date of transfer, and the new servicer within 15 days after. A 60-day safe harbor protects borrowers from late fees during the transition.
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