Requirements / 166cbaf7288df3d4
This is a normalized obligation summary extracted deterministically from regulatory text. The structured fields below are parsed from the source—not AI-generated summaries.
Mandatory PROPOSED

Obligation Structure

Actor
servicer
Modality
Mandatory
Duty
complete its evaluation of the request for loss mitigation request for loss
Conditions
if the servicer receives the referenced missing documents or information within 14 days of providing the missing information determination notice to the borrower
Timing
within 14 days

Source Text

Therefore, the CFPB is proposing to require a servicer to inform the borrower that the servicer will complete its evaluation of the request for loss mitigation assistance if the servicer receives the referenced missing documents or information within 14 days of providing the missing information determination notice to the borrower.
Source Document: 2024-15475
Agency: Consumer Financial Protection Bureau
CFR Parts: 12 CFR 1024
Requirement Type: compliance deadline

Lifecycle History

2/12/2026 ADDED — → PROPOSED 2024-15475

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Stable ID: 166cbaf7288df3d4