CFPB - Final Report of the Small Business Review Panel on CFPB’s Proposals Under Consideration for Mortgage Servicing Rulemaking (Dodd-Frank Study)

This Small Business Review Panel Report addresses the CFPB's upcoming proposal concerning mortgage servicing rulemaking. The Dodd-Frank Act imposes certain requirements concerning mortgage servicing that become self-executing and enforceable on January 21, 2013, unless final rules are issued on or before that date. The CFPB is also considering whether to propose additional requirements as to servicer information management and communications with troubled or delinquent borrowers.

Cross Reference(s): Dodd-Frank Sections 1418, 1420, 1463, and 1464.

View study here (links externally to CFPB website).See also: Regulation Room.