Which law governs the requirements for notifying borrowers of loan transfers?

The Real Estate Settlement Procedures Act (RESPA) is the correct answer as it specifically addresses the requirements for notifying borrowers of any transfer of loan servicing. Under RESPA, lenders are required to provide timely notice to borrowers when their mortgage loans are transferred to another lender or servicer. This is crucial for maintaining transparency in the mortgage process and ensuring that borrowers are aware of who is managing their loan.

RESPA is designed to protect consumers by requiring disclosures about the settlement process, making it relevant to various aspects of mortgage origination and servicing. On the other hand, while the Truth in Lending Act focuses on the disclosure of credit terms and costs, and the Fair Housing Act and Equal Credit Opportunity Act deal with discriminatory lending practices, none of these laws specifically govern the notification process for loan transfers as RESPA does.