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Rule On Foreclosure Notices to No-Contact Borrowers

Interim final rule issued

Oct. 4, 2017

By Mortgage Daily staff



An interim final rule is intended to give mortgage servicers more flexibility about when they can communicate with borrowers who have requested no contact.

At issue is the Fair Debt Collection Practices Act, which gives consumers the option to  request that companies stop contacting them except for limited purposes.

The interim regulation addresses changes made last year by the Consumer Financial Protection Bureau requiring servicers to send written notices to borrowers at risk of foreclosure who have requested a cease in communication.

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Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.


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