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.