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Home » Store » RESPA » CFPB Successor-in-Interest Provisions Pose Legal Risks, Could Promote Fraud, Lender Reps Warn

CFPB Successor-in-Interest Provisions Pose Legal Risks, Could Promote Fraud, Lender Reps Warn

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The Consumer Financial Protection Bureau’s proposal to significantly expand the regulatory requirements related to successors in interest poses legal risks, threatens personal privacy and could foster instances of fraud, mortgage industry officials said. The provisions related to successors in interest are part of a package of proposed amendments to the bureau’s 2013 mortgage rules under the Real Estate Settlement Procedures Act and the Truth in Lending Act ...
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