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Private Right of Action Mortgages Consumer Financial Protection Bureau (CFPB)

BCLP

New Mortgage Servicing Rules for “Successors in Interest”

BCLP on

Effective as of April 19, 2018, successors in interest to property secured by mortgage loans that are covered by the Real Estate Settlement Procedures Act (“RESPA”) and Truth In Lending Act (“TILA”) now have certain rights...more

Carlton Fields

New CFPB Regulations Subject Mortgage Servicers to Private Lawsuits

Carlton Fields on

The Consumer Financial Protection Bureau (CFPB) amendments to Regulation X, which implements the Real Estate Settlement Procedures Act (RESPA), place new and onerous requirements on mortgage servicers to correct errors and...more

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