Massachusetts Releases FAQs For New Loan Servicing, Collection Rules


On December 18, the Massachusetts Division of Banks published a short set of frequently-asked-questions related to new regulations intended to parallel and supplement mortgage servicing requirements promulgated by the CFPB and included in National Mortgage Servicing Settlement.

Topics:  CFPB, Mortgage Loan Servicing Standards, Mortgages

Published In: 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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