In January 2013, the CFPB issued final mortgage servicing rules implementing numerous provisions of the Real Estate Settlement Procedures Act and the Truth in Lending Act, as amended by title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB has since made various corrections, clarifications, and other amendments to those rules. During and after the COVID-19 pandemic, the CFPB observed that there were places where the rules could be revised to reduce unnecessary complexity. In 2022, the Bureau asked the public for input on ways to reduce risks for borrowers who experience disruptions in their ability to make mortgage payments, including input on the mortgage forbearance options available to borrowers. In particular, the CFPB sought input on the features of COVID-19 pandemic-related forbearance programs and whether there are ways to automate and streamline long-term loss mitigation assistance. In July 2024, the CFPB issued a proposed rule to simplify and streamline the mortgage servicing rules.