United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2016_register executive 2016-10-19 article Part II Rules and Regulations D09002ee1c7f34c3b D09002ee1c7f34d1c United States Bureau of Consumer Financial Protection originator org United States Government Agency or Subagency The Bureau of Consumer Financial Protection (Bureau) is amending certain mortgage servicing rules issued by the Bureau in 2013. This final rule clarifies, revises, or amends provisions regarding force-placed insurance notices, policies and procedures, early intervention, and loss mitigation requirements under Regulation X's servicing provisions; and prompt crediting and periodic statement requirements under Regulation Z's servicing provisions. The final rule also addresses proper compliance regarding certain servicing requirements when a person is a potential or confirmed successor in interest, is a debtor in bankruptcy, or sends a cease communication request under the Fair Debt Collection Practices Act. The final rule also makes technical corrections to several provisions of Regulations X and Z. The Bureau is issuing concurrently with this final rule an interpretive rule under the Fair Debt Collection Practices Act relating to servicers' compliance with certain mortgage servicing rules. 81 FR 72160 https://www.govinfo.gov/app/details/FR-2016-10-19/2016-18901 2016-18901 fr19oc16-13 RIN 3170-AA49 4810-AM-P Docket No. CFPB-2014-0033 https://www.govinfo.gov/app/details/FR-2016-10-19/2016-18901 https://www.govinfo.gov/content/pkg/FR-2016-10-19/html/2016-18901.htm https://www.govinfo.gov/content/pkg/FR-2016-10-19/pdf/2016-18901.pdf Condominiums Consumer Protection Housing Insurance Mortgages Mortgagees Mortgage Servicing Reporting and Recordkeeping Requirements Advertising Appraisal Appraiser Banking Banks Credit Credit Unions National Banks Savings Associations Truth in Lending 242 p. 72160 72401 81 FR 72160 Title 12 Part 1024 12 CFR Part 1024 Title 12 Part 1026 12 CFR Part 1026 RIN 3170-AA49 Amendments to the 2013 Mortgage Rules Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z); Federal Register Vol. 81, Issue RULE 2016-18901 II BUREAU OF CONSUMER FINANCIAL PROTECTION 2017-10-19 Docket No. CFPB-2014-0033 4810-AM-P 2016-18901 Final rule.

The Bureau of Consumer Financial Protection (Bureau) is amending certain mortgage servicing rules issued by the Bureau in 2013. This final rule clarifies, revises, or amends provisions regarding force-placed insurance notices, policies and procedures, early intervention, and loss mitigation requirements under Regulation X's servicing provisions; and prompt crediting and periodic statement requirements under Regulation Z's servicing provisions. The final rule also addresses proper compliance regarding certain servicing requirements when a person is a potential or confirmed successor in interest, is a debtor in bankruptcy, or sends a cease communication request under the Fair Debt Collection Practices Act. The final rule also makes technical corrections to several provisions of Regulations X and Z. The Bureau is issuing concurrently with this final rule an interpretive rule under the Fair Debt Collection Practices Act relating to servicers' compliance with certain mortgage servicing rules.

This final rule is effective on October 19, 2017, except that the following amendments are effective on April 19, 2018: Amendatory instructions 5, 6.b, 7, 8, 9, 11.b, 17.a.ii, 17.b.ii, 17.c, 17.d.ii, 17.f.i, 17.i.i, 17.k, 19, 20, 22, 23.c, 25.a, 25.b, 25.c.ii, and 25.d.ii. For additional discussion regarding the effective date of the rule, see part VI of the SUPPLEMENTARY INFORMATION below. Dania L. Ayoubi, David H. Hixson, Alexandra W. Reimelt, or Joel L. Singerman, Counsels; or William R. Corbett, Laura A. Johnson, or Amanda E. Quester, Senior Counsels; Office of Regulations, at (202) 435-7700. Condominiums Consumer Protection Housing Insurance Mortgages Mortgagees Mortgage Servicing Reporting and Recordkeeping Requirements Advertising Appraisal Appraiser Banking Banks Credit Credit Unions National Banks Savings Associations Truth in Lending Mortgage Rules under the Real Estate Settlement Procedures Act and the Truth in Lending Act , http://files.consumerfinance.gov/f/2011/08/Bulletin_20110819_ExPartePresentationsRulemakingProceedings.pdf http://files.consumerfinance.gov/f/201204_cfpb_bulletin_service-providers.pdf http://files.consumerfinance.gov/f/201206_cfpb_PCS_Orders_Guidance.pdf http://files.consumerfinance.gov/f/201310_cfpb_mortgage-servicing_bulletin.pdf http://files.consumerfinance.gov/f/201407_cfpb_memo_ensuring-equal-treatment-for-same-sex-married-couples.pdf http://pacer.flmb.uscourts.gov/administrativeorders/DataFileOrder.asp?FileID=43 http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/lmmltrs http://www.aba.com/Advocacy/commentletters/Documents/ABALetterRollingDelinquencies102414.pdf http://www.aba.com/Advocacy/commentletters/Pages/default.aspx#2014 http://www.allregs.com/tpl/Viewform.aspx?formid=00051757&formtype=agency http://www.americanbanker.com/news/consumer-finance/servicers-search-for-goldilocks-size-for-max-profits-1076620-1.html http://www.calreinvest.org/publications/california-reinvestment-coalition-research http://www.census.gov/content/dam/Census/programs-surveys/ahs/data/2011/h150-11.pdf http://www.cga.ct.gov/2010/rpt/2010-R-0327.htm http://www.consumerfinance.gov http://www.consumerfinance.gov/data-research/research-reports/testing-bankruptcy-periodic-statement-forms-mortgage-servicing/ http://www.consumerfinance.gov/newsroom/consumer-financial-protection-bureau-lays-out-implementation-plan-for-new-mortgage-rules/ http://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/safe-harbors-liability-under-fair-debt-collection-practices-act-certain-actions-taken-compliance-mortgage-servicing-rules-under-real-estate-settlement-procedures-act-regulation-x-and-truth-lending-act-regulation-z http://www.fhfa.gov/AboutUs/Reports/ReportDocuments/FPR_January2016.pdf http://www.freddiemac.com/singlefamily/guide/bulletins/pdf/bll1303.pdf http://www.hsgcenter.org/wp-content/uploads/2013/06/NMS_Findings.pdf http://www.hsgcenter.org/wp-content/uploads/2016/02/NHRC-2016-Servicing-Survey-Report.pdf http://www.hud.gov/foreclosure/ http://www.nationalmortgagesettlement.com/ http://www.nber.org/papers/w15472 http://www.nclc.org/images/pdf/foreclosure_mortgage/mortgage_servicing/ib-servicing-issues-2015.pdf http://www.nclc.org/images/pdf/foreclosure_mortgage/mortgage_servicing/successor-stories-2014.pdf http://www.nclr.org/Assets/uploads/Publications/mortgageservicesreport_11215.pdf http://www.njb.uscourts.gov/sites/default/files/forms/Loss_Mitigation_Program_and_Procedures.pdf http://www.nyeb.uscourts.gov/sites/nyeb/files/ord_582.pdf http://www.nysb.uscourts.gov/pgh/lossmitigation/LossMitigationProcedures.pdf http://www.occ.treas.gov/publications/publications-by-type/other-publications-reports/mortgage-metrics/mortgage-metrics-q3-2015.pdf http://www.publicintegrity.org/2014/09/10/15463/homeowners-steamrolled-florida-courts-clear-foreclosure-backlog http://www.regulations.gov http://www.rib.uscourts.gov/sites/default/files/programs_and_services/loss_mitigation/Appendix%20VII%20Loss%20Mitigation.pdf http://www.uscourts.gov/News/TheThirdBranch/11-10-01/By_the_Numbers-Pro_Se_Filers_in_the_Bankruptcy_Courts.aspx http://www.uscourts.gov/statistics-reports/caseload-statistics-data-tables http://www.uscourts.gov/uscourts/Statistics/BankruptcyStatistics/BankruptcyFilings/2013/1213_f2.pdf http://www.vtb.uscourts.gov/sites/vtb/files/general-ordes/SO%2015-02%20-%20MM%20-%202.2.15%20FINAL%20with%20attachments.pdf https://calreinvest.wordpress.com/2014/05/21/how-ongoing-mortgage-servicing-problems-hurt-california-homeowners-and-hardest-hit-communities/ https://d9klfgibkcquc.cloudfront.net/Ocwen-Consent-Judgment-Ex-A.pdf https://www.fanniemae.com/content/announcement/svc1317.pdf https://www.fanniemae.com/content/announcement/svc1406.pdf https://www.fanniemae.com/content/guide/servicing/index.html https://www.fanniemae.com/content/guide/svc031412.pdf https://www.fanniemae.com/content/legal_form/3005w.doc https://www.fanniemae.com/content/legal_form/3033w.doc https://www.fanniemae.com/singlefamily/security-instruments https://www.federalregister.gov/articles/2014/10/08/2014-24122/proposed-language-access-plan-for-the-consumer-financial-protection-bureau https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahandbook_5.pdf https://www.nclc.org/images/pdf/pr-reports/report-snapshot-struggle.pdf www.consumerfinance.gov/learnmore Vol. 81, no. 202 Office of the Federal Register, National Archives and Records Administration 2016-10-19 continuing daily deposited born digital 513 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2016-10-19 P0b002ee191c4b5e3 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr19oc16 https://www.govinfo.gov/app/details/FR-2016-10-19 https://www.govinfo.gov/content/pkg/FR-2016-10-19/pdf/FR-2016-10-19.pdf https://www.govinfo.gov/content/pkg/FR-2016-10-19/xml/FR-2016-10-19.xml fdlp 71977 72480 DGPO 2016-10-19 2024-06-01 FR-2016-10-19 machine generated eng FR FR-2016-10-19 81 202