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#2174491 - 04/20/18 05:08 PM Small Servicer
WIBanker Offline
New Poster
Joined: Jun 2010
Posts: 11
As a small servicer, are we exempt from all requirements to send periodic statements and/or coupons including when a borrower is in bankruptcy? Or, do we have to send a statement if a bankrupt borrower requests one?

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Mortgage Servicing Rules
#2174891 - 04/24/18 04:52 PM Re: Small Servicer WIBanker
Compliance NABW Offline
Diamond Poster
Joined: Oct 2015
Posts: 1,669
Yes, you would be exempt from the Periodic Statement requirements. You could send one if requested as a customer service, or if it is in an agreement you otherwise have with the borrower.

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