Articles

CFPB Adds Escrow to Mortgage Servicing FAQs

August 27, 2021 - 2 min read

On June 2, 2021, the Consumer Financial Protection Bureau (CFPB) updated its Mortgage Servicing FAQs to include several questions and answers regarding the escrow account rules under the Real Estate Settlement Procedures Act, as implemented by Regulation X (12 CFR 1024). The escrow account Q&As include the following categories. General includes Q&As regarding: Definitions of…

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