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NEW: Mortgage Servicing Fees State Law Comparison Tool

October 24, 2023 (3 min read)

Consumer mortgage protections are aimed at preventing exploitative fees charged by financial institutions. Companies are required to disclose all fees associated with consumer mortgages and reflect the true costs of their products or services in advertisements. Practical Guidance Financial Services Regulation now offers the Mortgage Servicing Fees state law comparison tool with coverage beginning in five key states (CA, DC, PA, IA, and WI) with more coming soon. Access this the State Law Comparison Tool (Mortgage Servicing Fees topic) for key information on permissible mortgage servicing fees and statutory fees that may be charged by a company that services consumer residential mortgages.

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