CFPB Proposed Clarification of Escrow Rule

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On April 12, the CFPB issued a proposed rule clarifying and making technical amendments to the 2013 Escrows Final Rule issued in January relating to mandatory escrow requirements for certain mortgage loans. Comments on the proposed rule must be received within 15 days of publication in the Federal Register. CFPB Proposed Rule.

Topics:  CFPB, Escrow Accounts, Final Rules, Mortgages, Proposed Regulation

Published In: General Business Updates, Consumer Protection Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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