Dealing with Deceased Borrowers Since the 2016 Mortgage Servicing Rule
Jimerson Firm
MAY 12, 2021
In 2016, the Consumer Financial Protection Bureau (“CFPB”) issued a final rule—referred to as the 2016 Mortgage Servicing Rule —that clarified, revised, and amended several provisions in the 2013 Mortgage Servicing Rules. The 2016 Mortgage Servicing Rule creates certain obligations on the lender in the event a borrower dies.
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