CFPB Releases Small Entity Compliance Guide for Mortgage Servicing

CFPB Releases Small Entity Compliance Guide for Mortgage Servicing

On Thursday, December 1, 2016, the CFPB issued an updated  Mortgage Servicing Small Entity Compliance Guide on Mortgage Servicing, incorporating recent changes made to the Mortgage Servicing Rule. The amended Rule will be effective October 19, 2017; however, the provisions relating to successors in interest and periodic statements for borrowers in bankruptcy will take effect on April 19, 2018.