If your bank is in the process of a merger or has agreed to buy or sell a portfolio of mortgage loans, notices must be provided to the borrowers before and after the transaction closes. Care must be taken to determine the notices required and how they are worded to avoid violating potentially conflicting laws.
USA, Banking, Insolvency & Restructuring, Real Estate, Vorys Sater Seymour and Pease LLP, Bankruptcy, Mortgage loan, Real Estate Settlement Procedures Act 1974 (USA)