StacksVerified U.S. regulatory reference

12 CFR §614.4337

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
When a loan or an interest in a loan other than a participation interest is sold with servicing rights, the disclosure shall be made to the borrower in accordance with this section:
  1. (a)The selling institution shall disclose to the borrower at least 10 days prior to the borrower's next payment date;
    1. (1)The name, address, and telephone number of the purchasing institution;
    2. (2)The name and address of the party to whom payment is to be made;
    3. (3)A description of the impact of the sale on statutory borrower rights after the sale;
    4. (4)Any terms in the agreement that would permit a purchaser to change the terms or conditions of the loan.
  2. (b)A Farm Credit System institution that purchases a loan or a non-participation interest therein shall not take any servicing action that adversely affects the borrower until it ensures that disclosure has been made to the borrower of:
    1. (1)The name, address, and telephone number of the purchasing institution; and
    2. (2)The address where the payment should be sent.