How many days does a lender have to provide the servicing transfer notice?

A lender must provide the servicing transfer notice within a specific timeframe to ensure that borrowers are adequately informed about any changes in the servicing of their loans. The correct timeframe is 30 days. This requirement is designed to protect consumers by giving them timely notice of who will be handling their loan payments and customer service going forward. Providing this notice helps prevent confusion and allows borrowers to know where to direct their payments, as well as whom to contact for any inquiries related to their loan. This is especially important in maintaining good communication and transparency in the lending process.