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My financial institution sold my mortgage loan to an out-of-state institution. Can the new institution change any of the terms of my loan?

April 26, 2017financial institution institution loan mortgage loan out-of-state sold terms

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My financial institution sold my mortgage loan to an out-of-state institution. Can the new institution change any of the terms of my loan?

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No. The new institution must follow all of the terms specified in the original loan contract that you entered into with your bank or credit union.