(C) Beginning off procedures by the FDIC getting conservatorship otherwise receivership out-of the newest servicer or an entity that possesses otherwise controls the servicer; or
(D) Commencement from process of the NCUA to own meeting regarding an excellent conservator otherwise liquidating broker of the servicer or an organization one to owns otherwise controls brand new servicer.
(iii) Observe given during the payment. Notices from import considering within settlement because of the transferor servicer and you will transferee servicer, whether while the independent observes otherwise while the a combined observe, fulfill the timing conditions away from section (b)(3) of the section. Read more