(205 ILCS 635/3-7)
(from Ch. 17, par. 2323-7)
Transfer of Servicing; Notices.
Whenever the servicing
of a residential mortgage is transferred or sold by a licensee,
notice shall be given to the mortgagor simultaneous with such
transfer and shall include, at the minimum, where and to
whom to address the mortgagor's questions relating to the residential
mortgage, the exact name, address and telephone number to whom at
least the next 3 months payments are to be submitted and the total
amount required of the mortgagor by the servicer for each of the
months referred to herein.
(Source: P.A. 86-137.)