Common use of Notice to Borrowers Clause in Contracts

Notice to Borrowers. Correspondent shall mail notice of transfer of servicing to the Borrower of each Loan as required by federal law (RESPA). Such notice shall be in a form approved by GMACM prior to mailing. Such notice shall be sent through the United States Mail, first class postage prepaid at the Correspondent's expense.

Appears in 2 contracts

Samples: Correspondent Agreement, Correspondent Agreement (E Loan Inc)

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Notice to Borrowers. Correspondent shall mail notice of transfer of servicing to the Borrower of each Loan as required by federal law (RESPA)law. Such notice shall be in a form approved acceptable by GMACM prior to mailingMSC. Such notice shall be sent through the United States Mail, first class postage prepaid at the Correspondent's ’s expense.

Appears in 2 contracts

Samples: Correspondent Agreement, Correspondent Agreement

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