Servicing Guide

Published September 9, 2020

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What actions must be taken if a mortgage loan that is not subject to a due-on-sale provision is modified or subject to a payment deferral?

The following table describes the servicer’s responsibility if a mortgage loan not subject to a due-on-sale (or due-on-transfer) provision is modified or subject to a payment deferral.

If the mortgage loan not subject to a due-on-sale (or due-on-transfer) provision is…

Then the servicer must…

modified

obtain the borrower’s agreement that the mortgage loan modification will cancel the assumability feature of that mortgage loan

subject to a payment deferral

notify the borrower that the non-interest bearing balance must be paid in full at the time of any sale or transfer.

See D1-4.2-02, Conventional Mortgage Loans That Include a Due- on-Sale (or Due-on-Transfer) Provision for additional information.

For more information please see: D1-4.2-01, Conventional Mortgage Loans that Do Not Include a Due-on-Sale (or Due-on-Transfer) Provision

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