CFPB Presentation

2016 CFPB Servicing Amendments

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Notice of Complete Application - Servicers must notify a borrower in writing within 5 business days of receiving a complete loss mitigation application. The notice must include: The date the application became complete, A statement that the servicer expects to complete its evaluation of the application within 30 days of the date it was received, and Other disclosures about the application process and borrower's rights. 22 Notice of Complete Application

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