Timing

The Bank must provide the notice to the borrower within a reasonable time before the completion of the transaction, and to the servicer as promptly as practicable after the Bank provides notice to the borrower and in any event no later than the time the bank provides other similar notices to the servicer concerning hazard insurance and taxes. Notice to the servicer may be made electronically or may take the form of a copy of the notice to the borrower. The Bank must retain a record of the receipt of the notices by the borrower and the servicer for the period of time the Bank owns the loan.