Category: Final rule

Mortgage Servicing Rules Under the Truth in Lending Act (Regulation Z)

On March 8, 2018, the Bureau of Consumer Financial Protection (Bureau) issued a rule amending certain aspects of the mortgage servicing rule issued in 2016 relating to periodic statements. These amendments revise the timing requirements for servicers transitioning between modified or unmodified periodic statements and coupon books when consumers enter or exit bankruptcy.

Final rule

Read it on the Federal Register - March 12, 2018

View pdf  - March 8, 2018

Proposed rule

Read it on the Federal Register  - Oct. 18, 2017

View pdf  - Oct. 4, 2017