Finance
Vermont's 'mortgage servicer notification' requirement means borrowers must be notified when:
AA new loan officer takes over their account
BThe servicing of their mortgage loan is transferred to a different servicer✓ Correct
CThe lender changes its internal procedures
DThe interest rate adjusts on an ARM
Explanation
RESPA and federal law require that borrowers be notified when their mortgage servicing is transferred to a new servicer, providing details about who to contact and where to send future payments.
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