Statute 45 739

45-739. Transfer of servicing rights; duties.Not less than fifteen days prior to the effective date of the transfer of servicing rights involving any residential mortgage loan, the licensee transferring the servicing rights shall send a written notice of transfer to each borrower which shall include:(1) The effective date of the transfer;(2) The name, address, and telephone number of the transferee and the name of a referral person or department of the transferee;(3) Instructions concerning payments made before the effective date of the transfer; and(4) Instructions concerning payments made after the effective date of the transfer.The provisions of this section shall not apply when the licensee transferring the servicing rights has provided the borrower with a written notice of transfer at the time of closing on the residential mortgage loan.Source Laws 1989, LB 272, § 16; Laws 1996, LB 1053, § 12; R.S.1943, (2004), § 45-713; Laws 2009, LB328, § 24.