Borrower Communications. The Seller and the Buyer will give a joint written notice to each Borrower of the transfer of the Servicing Rights to the Buyer in compliance with the Applicable Requirements, including, but not limited to, the Real Estate Settlement Procedures Act and its implementing Regulation X. The form and substance of such notice shall be substantially the same as the form set forth in Schedule B to Exhibit B to this Agreement, and the costs thereof shall be shared equally by the Buyer and the Seller.
Appears in 2 contracts
Sources: Mortgage Loan Servicing Purchase and Sale Agreement (Homeside Lending Inc), Mortgage Loan Servicing Purchase and Sale Agreement (Homeside International Inc)