Bulletin 2020-02 – Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers
|Subject:||Mortgage servicing transfers|
|Status:||Compliance bulletin and policy guidance|
The Bureau of Consumer Financial Protection (Bureau) is issuing a compliance bulletin and policy guidance (Bulletin) entitled, “Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers.” The purpose of the policy statement is to provide guidance to residential mortgage servicers regarding the transfer of mortgage loans, including examples of practices that the Bureau may consider as contributing to policies and procedures that are reasonably designed to achieve the objectives of the regulatory requirements.
|Comments due date:|
May 1, 2020
|Rule compliance date:|
|Related Reg Report item(s):||Guidance aims to clear up ‘weakness’ in transfers of mortgage loans by servicers|