Periodic Statements
The 2016 Amendment clarifies certain periodic statement disclosure
requirements relating to mortgage loans that are in temporary or
permanent loss mitigation programs, have been accelerated or have
been charged off. The rule also clarifies how to show payments and
expenses that may have accrued while a loan was temporarily exempt
from the requirement to send periodic statements. In all cases where
the periodic statement includes information based on length of
delinquency, the period must be calculated based on the new
delinquency definition.
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