Finance
A Colorado mortgage servicer must notify a borrower within how many days if their loan is transferred to a new servicer?
A7 days
B15 days✓ Correct
C30 days
D60 days
Explanation
Under RESPA, the transferring servicer must notify the borrower at least 15 days before the effective transfer date, and the new servicer must notify within 15 days after the transfer date.
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