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CFPB RIN: 3170-AB07 Publication ID: Spring 2021 
Title: ●Mortgage Servicing COVID-19 Relief (Regulation X)  

In January 2013, the CFPB issued final mortgage servicing rules implementing numerous provisions of the Real Estate Settlement Procedures Act (RESPA) 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 the January 2013, rules.  On April 9, the CFPB proposed amendments to the mortgage servicing early intervention and loss mitigation-related provisions in the Regulation X which implements RESPA.  The proposed rule aims to ensure that mortgage borrowers are evaluated for loss mitigation before servicers initiate the foreclosure process and to avert, to the extent possible, a foreclosure crisis when the COVID-19 forbearances end.

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: Undetermined 
CFR Citation: 12 CFR 1024   
Legal Authority: 12 U.S.C. 2603 to 2605    12 U.S.C. 2607    12 U.S.C. 2609    12 U.S.C. 2617    12 U.S.C. 5512    12 U.S.C. 5532    12 U.S.C. 5581   
Legal Deadline:  None
Action Date FR Cite
NPRM  04/09/2021  86 FR 18840   
NPRM Comment Period End  05/10/2021 
Final Rule  07/00/2021 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Terry J. Randall
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700