juillet 27 2021

CFPB Makes Temporary Revisions to Default Servicing Rules to Assist Borrowers at Risk of Foreclosure

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On June 28, 2021, the US Consumer Financial Protection Bureau announced that it had finalized revisions to the Regulation X default servicing rules that are designed to assist delinquent borrowers impacted by the COVID-19 pandemic. In this Legal Update, we describe the unique challenges facing servicers and borrowers that prompted the Bureau to amend Regulation X and discuss the key provisions of the new rules.

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