Fifth Circuit: Mortgage Servicing Rules Apply to Servicers Only
Consumer Financial Services Law
JANUARY 9, 2019
In a case of first impression, the Fifth Circuit has held that the CFPB’s Mortgage Servicing Rules only apply to servicers and do not impute liability to the lender. In Christiana Trust v. Riddle, the consumer alleged that the prior and current servicers of her mortgage violated the Mortgage Servicing Rules by failing to evaluate her loss mitigation application as required by 12 C.F.R. 1024.41(c)(1).
40 
Let's personalize your content