1. The transfer date - is defined as the date on which the
transferee servicer will begin accepting payments relating to the
mortgage loan, as disclosed on the notice of transfer of loan
servicing pursuant to § 1024.33(b)(4)(iv).
2. 5 Day Acknowledgment Notice – if an application for loss
mitigation was received within five days prior to the transfer date
and the transferor servicer did not provide the acknowledgment
notice prior to transfer, the transferee servicer must provide the
notice within 10 days after the transfer date (excluding legal
public holidays, Saturdays, and Sundays).
30
Transfer Date and Acknowledgment Notice
