Which piece of information is NOT required in the Servicing Transfer Notice?

Prepare for the Truth in Lending (Regulation Z) Test. Practice with flashcards, multiple-choice questions, and detailed explanations to ensure success. Get exam-ready today!

The loan's original interest rate is not a required piece of information in the Servicing Transfer Notice, making it the correct choice in this scenario. The purpose of the Servicing Transfer Notice is to inform borrowers about changes in the servicing of their loans, such as who is handling the loan and how to reach them, rather than reiterating details about the initial loan terms.

Including the identity of the loan's new owner, the date of transfer, and contact information for reaching an agent of the new owner is essential. These elements help borrowers understand who will now manage their loan and when the change takes effect, ensuring effective communication and transparency throughout the servicing process. By contrast, the original interest rate does not contribute to the transfer notice's fundamental purpose and is therefore not included as a required element.

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