Requirements / 198f25dd9c8a6cfc
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Mandatory PROPOSED

Obligation Structure

Actor
servicer
Modality
Mandatory
Duty
review of a borrower who makes a request for loss mitiga borrower who makes
Conditions
if it does not offer the loss mitigation options offered by the transferor servicer; if any

Source Text

In that circumstance, the transferee servicer is required to treat the appeal as a pending request for loss mitigation assistance, and it must permit the borrower to accept or reject any loss mitigation options offered by the transferor servicer, even if it does not offer the loss mitigation options offered by the transferor servicer, in addition to the loss mitigation options, if any, that the transferee servicer determines to offer the borrower based on its own review of a borrower who makes a request for loss mitigation assistance.
Source Document: 2024-15475
Agency: Consumer Financial Protection Bureau
CFR Parts: 12 CFR 1024
Requirement Type: other

Lifecycle History

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

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Stable ID: 198f25dd9c8a6cfc