Notification to borrower of transfer of residential mortgage loan.
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Law
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Oklahoma Statutes
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Consumer Credit Code
- Notification to borrower of transfer of residential mortgage loan.
Not later than thirty (30) days after the date on which a residential mortgage loan is sold or otherwise transferred or assigned to a third party, the creditor that is the new owner or assignee of the debt shall notify the borrower in writing of such transfer, including:
- (a)the identity, address and telephone number of the new creditor;
- (b)the date of transfer;
- (c)how to reach an agent or party having authority to act on behalf of the new creditor;
- (d)the location of the place where transfer of ownership of the debt is recorded; and
- (e)any other relevant information regarding the new creditor.
Added by Laws 2012, c. 172, § 8, eff. July 1, 2012.
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