26-2809 NOTICE OF TRANSFER. - Idaho Statutes

TITLE 26

BANKS AND BANKING

CHAPTER 28

MORTGAGE COMPANIES

26-2809. Notice of transfer. The mortgage company shall provide notice to the borrower within fifteen (15) days after any sale or assignment of the promissory note of the borrower to another person in which the mortgage company does not retain the loan servicing. A mortgage company purchasing or receiving assignment of the promissory note with servicing shall provide to the borrower within thirty (30) days a written statement describing policies relating to the reserve account.