Act 062, SB1093 SD2 HD1, 05/28/2015

Posted on Jun 4, 2015 in 2015 Acts

Mortgage Servicers; Mortgage Loan Delinquencies; Loss Mitigation; License; Bond; Duties; Prohibited Activities

RELATING TO MORTGAGE SERVICERS.
Updates mortgage servicer licensing and regulatory requirements including crediting of payments, payment of taxes and insurance, delinquencies and loss mitigation efforts, borrower complaints, fee and information disclosures, record maintenance, assignment of servicing rights, and prohibited activities. (SB1093 SD2 HD1)