InfoBytes Blog
CFPB Publishes Mortgage Servicing Small Entity Compliance Guide and Executive Summary
On October 19, the CFPB released version 3.0 of its mortgage servicing Small Entity Compliance Guide. The updated guide supports implementation of amendments to the Bureau’s mortgage servicing interim final rule issued October 4, which provides servicers, who are subject to a cease in communication request, a 10-day window to provide modified early intervention notices at the end of the 180-day period. The interim final rule takes effect October 19, at the same time the broader amendments to the early intervention requirements take effect. (See previous InfoBytes coverage here.) An updated Executive Summary, which highlights key changes to provisions of the 2016 Mortgage Servicing Rule, the 2016 FDCPA Interpretive Rule, and the October 2017 interim final rule has also been released.