An initial servicing transfer notice must be provided to a borrower at least how many days prior to the transfer of servicing on a loan?

An initial servicing transfer notice must be provided to a borrower at least 15 days prior to the transfer of servicing on a loan. This requirement is outlined in the Real Estate Settlement Procedures Act (RESPA), which aims to ensure that borrowers are kept informed about who is servicing their loan. Giving borrowers timely notice allows them to prepare for the transition, understand where to send future payments, and communicate any concerns with the new servicer. This advance notification is a critical consumer protection measure intended to foster transparency in the loan servicing process.