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Wednesday, April 15, 2015

OCC Updates Guidance on RESPA Compliance

The OCC updated its Comptroller’s Handbook guidance on complying with the Real Estate Settlement Procedures Act and Regulation X.

The new booklet covers the transfer of rulemaking authority for Reg X to the CFPB, as well as new mortgage servicing requirements, new loss mitigation procedures, new prohibitions related to borrower assertions of error and new servicing-related exam procedures.

Download the booklet.

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