The Bureau published an updated version of the Mortgage Servicing Small Entity Compliance Guide on its Mortgage Servicing implementation webpage. The updated guide incorporates amendments made to mortgage servicing provisions in Regulation X and Regulation Z by the 2016 Mortgage Servicing final rule.
Most provisions of the 2016 Mortgage Serving final rule take effect on October 19, 2017. The provisions relating to successors in interest and the provisions relating to periodic statements for borrowers in bankruptcy will take effect on April 19, 2018.
The previous version of the guide, which provides a summary of the rules that are effective prior to the effective dates of the 2016 Mortgage Servicing final rule, will remain on our website until all of the provisions of the 2016 Mortgage Servicing final rule are effective.
The updated guide can be accessed on the Mortgage Servicing implementation webpage.