Missouri Notice of Assignment of Deed of Trust

The Truth and lending act requires that borrowers be notified when their Deed of Trust debt has been sold, transferred, or assigned to a new creditor. It is the responsibility of the new creditor to notify the borrower(s) within 30 days to avoid up to $2,000.00 in statutory damages, plus reasonable attorney's fees. Systematic violations can reach up $500,000.00

Section 404 of the Act amends Section 131 of "Truth in Lending Act" to add a new subsection (g) which provides that, in addition to other disclosures required by the Truth in Lending Act, not later than 30 days after the date on which a mortgage loan is sold or otherwise transferred or assigned to a third party, the creditor that is the new owner or assignee of the debt shall notify the borrower in writing of the transfer. The notice must include the identity, address and telephone number of the new creditor; the date of the transfer; how to reach an agent or party having authority to act on behalf of the new creditor; the location of the place where transfer of ownership of the debt is recorded; and any other relevant information regarding the new creditor.

For use in Missouri only.

Deeds.com Missouri Notice of Assignment of Deed of Trust Forms Have Been Updated as Recently as Wednesday September 29, 2021

4.8 out of 5 (3025 Reviews)

What others like you are saying:

Susan V. said: With a little assist from the customer service department-- who was extremely nice and professional- I was able to get my documents printed. I was pleased with the process and hope that the forms will work out for me. Thank you deeds.com for saving me $250 in lawyers fees.

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!

Betty B. said: So easy and convenient.

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!

Maggie C. said: Easy to use fantastic website. Immediately found the Sheriff's Deed I needed.

Reply from Staff: Thank you!

Kelli M. said: It is easy to use but difficult to know when the document has been reviewed for recording and when the invoice is ready. It would be helpful for the website to send an email automatically once the document(s) are ready to be recorded to let you know what the time line is.....Thank you for your help.

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!

Ray L. said: This was my first time using Deeds.com It was very easy to understand and use. I was pleasantly suprised.

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Sandra G. said: We were referred to the site by banking friend. It does take time to read through and figure out what a person needs, form-wise, to accomplish the goal. Once that was decided, check out and the download was very easy. What a great savings in cost and time.

Reply from Staff: Thank you Sandra, glad we could help. Also, please thank your friend for us. Have a wonderful day.