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#2003894 - 03/25/15 02:32 PM Minimum payment time
SnuffytheSeal Offline
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Joined: Oct 2009
Posts: 270
State of Confusion
We are getting ready to acquire several mortgage loans through a merger and are preparing a combined transfer disclosure and have a question regarding when the first payment should be.

Merger effective June 1, 2015.
Notice to be sent by May 15, 2015

Can the first payment be as early as June 1, or do I have to wait a minimum amount of time from the effective date of transfer?
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#2004019 - 03/25/15 06:29 PM Re: Minimum payment time SnuffytheSeal
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
You can make the date for payments to be delivered to the new servicer (you) the date of the merger.
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BankersOnline.com
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#2004051 - 03/25/15 07:23 PM Re: Minimum payment time SnuffytheSeal
SnuffytheSeal Offline
Gold Star
Joined: Oct 2009
Posts: 270
State of Confusion
Thank you
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Waiter, there's too much pepper in my paprikash

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