Alert May 15, 2012

CFPB Seeks Comment on Qualitative Testing of Mortgage Servicing Related Model Forms

The CFPB is soliciting comments concerning its proposal to qualitatively test mortgage servicing related model forms and disclosures, for use in future proposed and final model forms, as well as for revisions to model forms. The specific comments sought are on (1) whether the testing is necessary, and (2) ways to enhance the quality and clarity of the information to be collected. Comments are due July 10, 2012. Click here for the related notice.