CFPB Presentation

2016 CFPB Servicing Amendments

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Servicers may provide a confirmed successor who is not liable an initial written notice and acknowledgment stating that: The servicer has confirmed the successor. The successor is not liable for the mortgage debt. The successor may be entitled to receive certain notices if the successor signs the acknowledgment. Receipt of the notices does not make the successor liable for the debt. A successor who does not sign the acknowledgment still has certain rights, like the right to submit notices of error and information requests. A successor may sign and return the notice at any time. 45 Optional Notice with Acknowledgment

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