Bankowość · 11/02/2021

FDIC Grants Time-Limited Relief to Covered Institutions for Mortgage Servicing Accounts

The FDIC has granted exception relief to institutions until March 31, 2022, to temporarily waive IT system and recordkeeping requirements for principal and interest payments in mortgage servicing accounts, allowing them to address servicing platform and internal processing issues.

Source: Federal Register — Federal Deposit Insurance CorporationOpen original release →

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