Requirements / 297ec85aa0c03388
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 application requirement
Conditions
if the servicer is required to review them for all options and present any options for which they are eligible simultaneously

Source Text

<P>In the 2013 RESPA Servicing Final Rule, the CFPB explained that borrowers would benefit from the complete application requirement, in part, because borrowers would generally be better able to choose among available loss mitigation options if the servicer is required to review them for all options and present any options for which they are eligible simultaneously.
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: 297ec85aa0c03388