26-31-214. NOTICE OF TRANSFER. Except as otherwise provided for in the truth in lending act, the real estate settlement procedures act, regulation X, or regulation Z, a mortgage lender shall provide notice to the borrower within fifteen (15) days after any sale or assignment of the borrower’s residential mortgage loan to another person wherein the mortgage lender does not retain the loan servicing. A mortgage lender purchasing or receiving assignment of a residential mortgage loan with servicing shall provide to the borrower within thirty (30) days a written statement describing policies relating to the reserve account.
History:
[26-31-214, added 2020, ch. 100, sec. 11, p. 269.]
Structure Idaho Code
Chapter 31 - IDAHO RESIDENTIAL MORTGAGE PRACTICES ACT
Part 2 - PROVISIONS APPLICABLE TO MORTGAGE BROKERS AND MORTGAGE LENDERS
Section 26-31-201 - DEFINITIONS.
Section 26-31-202 - EXEMPTIONS.
Section 26-31-203 - UNLAWFUL ACTS.
Section 26-31-204 - POWERS AND DUTIES OF DIRECTOR.
Section 26-31-205 - REMEDIES AVAILABLE TO THE DEPARTMENT.
Section 26-31-206 - LICENSE TO DO BUSINESS AS A MORTGAGE BROKER OR MORTGAGE LENDER.
Section 26-31-207 - REVOCATION OR SUSPENSION OF LICENSE.
Section 26-31-208 - RECORDS — REPORTS — RENEWAL AND REINSTATEMENT OF LICENSE.
Section 26-31-209 - EXAMINATION AND INVESTIGATIONS.
Section 26-31-210 - RESTRICTIONS ON FEES AND CHARGES.
Section 26-31-211 - PROHIBITED PRACTICES OF MORTGAGE BROKERS AND MORTGAGE LENDERS.
Section 26-31-212 - RESERVE ACCOUNTS.