1. Regulations
  2. title 7
  3. chapter XXXV
  4. part 3565
  5. subpart I
  6. § 3565.404

View all text of Subpart I [§ 3565.401 - § 3565.450]

§ 3565.404 - Transfer of loans or mortgage servicing.

Transfer of servicing is prohibited unless the Agency determines that circumstances warrant such action, the proposed lender is an eligible lender approved by the Agency, and the transfer of servicing is approved by the Agency in advance.

AUTHORITY: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480.

SOURCE: 63 FR 39458, July 22, 1998, unless otherwise noted.

CITE AS: 7 CFR 3565.404