NO CLE - Risky Times for Secured Lenders and Servicers: Living with the New CFPB Mortgage Servicing Rules (continued)

The Consumer Financial Protection Bureau has promulgated pervasive and dramatic new requirements on servicers, effective Jan. 10, 2014, to provide detailed and accurate information regarding a borrower’s mortgage and options to avoid foreclosure. The rules amending both TILA and RESPA are filled with liability traps for the unwary, including several provisions that conflict with bankruptcy law. At a minimum, the rules will require servicers to implement significant new software, compliance training and procedures to limit legal exposure. Learn from insiders what you need to advise clients.

Presented by ABI, TMA (Chesapeake),
IWIRC (D.C./Maryland) and RMA (Potomac).