Finance & markets · 19/10/2016

Amendments to 2013 Mortgage Rules Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z)

The Bureau of Consumer Financial Protection is amending 2013 mortgage servicing rules to clarify and revise provisions related to force-placed insurance, early intervention, and loss mitigation requirements. The changes also address compliance with servicing requirements for successors in interest, debtors in bankruptcy, and cease communication requests.