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#2149493 - 10/11/17 10:45 PM ARM Notices - update effective 10/19/17
Everest Offline
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Joined: Jan 2012
Posts: 303
I am reading through the CFPB updates mortgage servicing updates effective 10/19. There is a section regarding the Interest Rate Adjustment Notices required, however I am not seeing what the change is from last 1/2014. Can anyone tell me what the update affects on this notice requirement?


Thanks.

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Mortgage Servicing Rules
#2149499 - 10/11/17 11:57 PM Re: ARM Notices - update effective 10/19/17 Everest
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
They made some adjustments to the Model forms in Appendix H, if that is what you are referring too. This was to sync up the models to the requirements found in 1026.20(c) & (d).
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#2149500 - 10/12/17 12:01 AM Re: ARM Notices - update effective 10/19/17 Everest
Everest Offline
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Joined: Jan 2012
Posts: 303
Thank you very very much.

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