How Many Periodic Statements Am I Entitled to Receive?

You are entitled to receive one periodic statement per each mortgage billing cycle, even if your creditor, assignee and servicer are different entities. Creditors or assignees that do not currently own the loan are not required to provide a periodic statement. Similarly, if the creditor or assignee outsources the mortgage servicing rights to another company, only this company will be responsible for sending you the periodic notice.

Tellus TIP:

You will usually be receiving periodic statements from a servicing company or a bank.