Upon assignment of servicing rights on a residential mortgage loan, the mortgage servicer shall disclose to the mortgagor: (1) Any notice required by the Real Estate Settlement Procedures Act of 1974, 12 USC Section 2601 et seq., as from time to time amended, and the regulations promulgated thereunder, and within the time periods prescribed therein; and (2) a schedule of the ranges and categories of its costs and fees for its servicing-related activities, which shall comply with state and federal law and, if such disclosure is made by a mortgage servicer licensee, shall not exceed those reported to the commissioner in accordance with subsection (e) of section 36a-719.
(P.A. 14-89, S. 10; P.A. 18-173, S. 75.)
History: P.A. 14-89 effective January 1, 2015; P.A. 18-173 replaced reference to Sec. 36a-719(f) with reference to Sec. 36a-719(e) and made a technical change.