Early compliance with servicing amendments

Answered by:

Question:

What does the Bureau’s guidance on early compliance with the 2016 amendments permit?

Answer:

April 19, 2018, will be a Thursday. The Bureau issued “non-binding policy guidance” allowing for a three-day period of early compliance, starting on the Monday before the actual effective date. That effectively allows for switching over to updated systems the weekend before the effective dates.
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