Confirmed successors are not liable for repayment of the debt
unless and until they assume the loan obligation under State law.
Confirmed successors are entitled to receive communications
about the loan that discuss repayment.
Servicers have various options to ensure these disclosures do not
suggest that successors are liable if that is not accurate:
Substitutions to remove language that might imply liability.
Adding a separate disclosure to each mailing or communication that
disclaims successor responsibility for the debt.
Providing an optional notice and acknowledgment upon confirmation
44
Successors and the Debt
