On August 10, 2012, the Consumer Financial Protection Bureau (“CFPB”) issued two notices containing rules intended to protect homeowners from errors and abuses by their mortgage servicers.
The proposed rules would amend Regulation Z of the Truth in Lending Act (“TILA”) and Regulation X of the Real Estate Settlement Procedures Act (“RESPA”)....
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Topics: CFPB, Dodd-Frank, Force-Placed Insurance, Loss Mitigation, Mortgages, RESPA, Servicing Policies, TILA
Administrative Law 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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