← American Bankers Association
CFPBRulemakingCFPB-2021-0006

Protections for Borrowers Affected by the COVID-19 Emergency under the Real Estate Settlement Procedures Act, Regulation X

RIN
—
Last modified
Dec 21, 2022
Comment window
closed 1905d ago
American Bankers Association filings
1

Activity

American Bankers Association filed 1 comment on this docket between May 11, 2021 and May 11, 2021. 29 other organizations filed here. The comment window closed 1905d ago.

What American Bankers Association filed (1)

May 11, 2021· Comment from American Bankers Association· CFPB-2021-0006-0181

Filed on regulations.gov — full text not in the inline record.

View on regulations.gov →

Abstract

The Bureau of Consumer Financial Protection (Bureau) seeks comment on proposed amendments to Regulation X to assist borrowers affected by the COVID-19 emergency. The Bureau is taking this action to help ensure that borrowers affected by the COVID-19 pandemic have an opportunity to be evaluated for loss mitigation before the initiation of foreclosure. The proposed amendments would establish a temporary COVID-19 emergency pre-foreclosure review period until December 31, 2021, for principal residences. In addition, the proposed amendments would temporarily permit mortgage servicers to offer certain loan modifications made available to borrowers experiencing a COVID-19-related hardship based on the evaluation of an incomplete application. The Bureau also proposes certain amendments to the early intervention and reasonable diligence obligations that Regulation X imposes on mortgage servicers.

View on regulations.gov →

Co-filers (29)

See everyone who commented →