Finance
A Michigan lender who makes a residential mortgage loan must provide the borrower with a 'Servicing Disclosure Statement' disclosing:
AThe borrower's credit score
BWhether the lender intends to service the loan or transfer servicing rights to another entity✓ Correct
CThe names of all investors in the mortgage-backed security
DFuture interest rate adjustments
Explanation
RESPA requires lenders to provide a Servicing Disclosure Statement at application informing borrowers whether the loan's servicing may be transferred to another servicer, so borrowers are not surprised by payment redirection.
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