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?
#2174891 - 04/24/1804:52 PMRe: Small Servicer WIBanker
Compliance NABW
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Joined: Oct 2015
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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.