13 Feb 2024
NEW! State Law Comparison Tool Topic: Mortgage Servicing Fees
Practical Guidance now offers a Mortgage Servicing Fees topic in the FSR state law comparison tool. The topic explores the statutory fee requirements in fifteen key U.S. states, with more coming soon. This question and answer series provides guidance on permissible mortgage servicing fees for institutions. Practitioners can access the tool to gain an understanding of regulatory requirements on disclosures and statutory fees that may be charged by a company servicing consumer residential mortgages.
Related Content
- Mortgage Servicing Issues and Regulatory Considerations
Review this practice note discussing mortgage servicing issues and considerations for practitioners to evaluate under the Truth-in-Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). This practice note also reviews steps that must be undertaken in a mortgage servicing transfer.
- TILA-RESPA Integrated Disclosure (TRID) Compliance
Explore best practices for complying with the TILA and RESPA Integrated Disclosure rule, commonly known as TRID, and ensure regulatory compliance with federal mortgage disclosure requirements implemented by Regulation Z.
- Fair Lending Guidance and Disclosure Requirements for Residential Mortgages
Access this comprehensive overview of fair lending laws, regulations, and disclosure requirements related to residential mortgages under the Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), and the Fair Housing Act (FHA).
- Unfair, Deceptive, and Abusive Acts or Practices (UDAAPs) Restrictions Compliance Checklist
Utilize this UDAAP checklist to assist in assessing the adequacy of policies, procedures, and controls designed to prevent UDAAP violations.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insights documents on trending areas for financial service organizations.
- Mortgage Servicing Regulation Resource Kit, RESPA Regulation Compliance Resource Kit, and Fair Lending Regulation Resource Kit provide links to practice notes, checklists, templates, and guidance on key issues, laws, and regulations applicable to in-house lawyers and counsel advising on mortgage transactions.
- Fair Lending Regulation Regulatory Tracker contains key rules from bank regulatory agencies (final and proposed) on federal consumer fair lending regulations.
- For Practical Guidance content on important recent trends, please review these easy-to-use Resource Kits on a variety of emerging topics:
- Read the new edition of the Practical Guidance Journal for insights on Generative AI cautions and benefits, new trends in private lending, environmental law considerations, and market intelligence analysis.
- Check out our Practical Guidance Author Center! Learn about the 2000+ leading attorney authors contributing to our 26 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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