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CFPB Releases Servicing FAQs

The CFPB published a set of Frequently Asked Questions (FAQs) to address inquiries associated with the upcoming servicing rule changes that become effective April 19, 2018. More specifically, these bankruptcy-related FAQ topics include periodic statements, reaffirmation, coupon books, successors in interest, and timing of compliance.

Follow the link below to review the CFPB’s FAQs:

FAQs on the Title XIV Rules Mortgage Servicing webpage

Proctor will continue to monitor this topic and provide updates as they develop.