Requirements / 6750ece4ec8e5602

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: establishing live contact with a borrower borrower
Conditions: if appropriate

Source Text

Promptly after establishing live contact with a borrower, the servicer shall inform the borrower about the availability of loss mitigation options, if appropriate.

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

2/10/2026 ADDED — → FINAL 2025-08643

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Stable ID: 6750ece4ec8e5602