Sign In
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 North Carolina only.
Deeds.com North Carolina Notice of Assignment of Deed of Trust Forms Have Been Updated as Recently as Thursday August 4, 2022
4.8 out of 5 (3619 Reviews)What others like you are saying:
Martha V. said: Great service!
Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!
MARILYN T. said: Deed.com was so easy to use to file my Quit Claim deed. They instructed me on how to send them my documents and it was a breeze. The cost was minimal and saved me tons of time.
Reply from Staff: Thank you!
DENIS K. said: Excellent, invaluable and reasonable!
Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!
William N. said: Every thing worked perfectly.
Reply from Staff: Thank you!
michael o. said: After trying to get help locally I found your website. Very easy
Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!
Douglas C. said: Excellent website with examples on how to fill out forms. Even better was the help from the office of the county clerk. I called them twice and they were extremely helpful on how to fill out the forms. Kudos to them!!!
Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!
Use of Deeds.com Legal Forms. On our Site we make available for use self-help "fill in the blank" forms. If you use a form on our Site, you explicitly agree to our Terms of Use. You understand and agree that your purchase and/or use of a form document is neither legal advice nor the practice of law, and that each form and any applicable instructions or guidance is not customized to your particular needs, not guaranteed or warranted to be current, up to date, or accurate.
NO WARRANTY. Do It Yourself Legal Forms available on our Website are not guaranteed to be usable, correct, up to date, or fit for any legal purpose. Use of any Do It Yourself Legal Form from our website is done so AT YOUR OWN RISK.
If you use any Do It Yourself Legal Form available on Deeds.com, you agree that: TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WE BE LIABLE FOR DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE LEGAL FORMS OR FOR ANY INFORMATION OR SERVICES PROVIDED TO YOU THROUGH THE DEEDS.COM WEBSITE. TO THE EXTENT THE FOREGOING LIMITATION OF LIABILITY IS PROHIBITED, OUR SOLE OBLIGATION TO YOU FOR DAMAGES WILL BE LIMITED TO $100.00.
Nothing on this website should be considered a substitute for the advice of an attorney.
© DEEDS.COM INC. 1997 - 2022 ALL RIGHTS RESERVED | (330) 606-0119 | P.O. Box 5264, Fairlawn, OH 44334