CFPB Releases COVID-19 Mortgage Servicing Final Rule
By EsqSocial Corporation 29/06/21
On June 28 2021, the Consumer Financial Protection Bureau released its much-anticipated mortgage servicing final rule related to COVID-19. This rulemaking amends Regulation X and, as expected, largely tracks the proposal that the Bureau issued in early April 2021 and that we wrote about shortly thereafter. The new rules will become effective on August 31, 2021, leaving mortgage servicers a very short amount of time — 64 calendar days to be exact — to digest and implement the new requirements and...
By: Bradley Arant Boult Cummings LLP