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| CFPB | RIN: 3170-AA14 | Publication ID: Fall 2011 |
| Title: ●Mortgage Servicing (Regulation X; Regulation Z) | |
| Abstract: The CFPB is developing proposed regulations to implement amendments under subtitles B and E of title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), to the Truth in Lending Act (TILA), and the Real Estate Settlement Procedures Act (RESPA). The Dodd-Frank Act amendments require consumers to receive periodic statement disclosures regarding their mortgage loans and impose various requirements regarding the imposition and cancellation of force-placed hazard insurance, handling of payoff amount requests, and other topics related to mortgage servicing. The CFPB is also participating in an interagency process among Federal financial services regulators to consider broader issues regarding national servicing standards. The CFPB expects to issue proposed regulations implementing the mortgage servicing requirements. | |
| Agency: Consumer Financial Protection Bureau(CFPB) | Priority: Other Significant |
| RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: Undetermined | Unfunded Mandates: No |
| CFR Citation: 12 CFR 226; 12 CFR 1026 | |
| Legal Authority: 15 USC 1602; 15 USC 1638; 15 USC 1639 | |
Legal Deadline:
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Timetable:
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| Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
| Federalism: No | |
| Included in the Regulatory Plan: No | |
| RIN Data Printed in the FR: No | |
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Agency Contact: David Stein Office of Regulations Consumer Financial Protection Bureau Phone:202 435-7700 |
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