You may receive more than one IRS tax form if your loan meets any of the below during the year:
- If your loan was transferred during the same tax year, you will receive a statement from your new servicer and your prior servicer for the activity which took place while they were servicing your loan. This should be sent no later than January 31st or the following business day.
- If you refinanced your loan during the year, you will receive two statements, one from each servicer for each separate loan number.
- If an assumption took place during the year that changed the borrowers on the loan.
- If the ‘CORRECTED’ box is checked, transactions were updated affecting form values. Use the latest Form received.