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Home » Store » News » Servicers Persuade States Not to Adopt California’s ‘Homeowner’s Bill of Rights’

Servicers Persuade States Not to Adopt California’s ‘Homeowner’s Bill of Rights’

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Servicers appear to have won a battle with consumer advocates regarding state adoption of servicing requirements that exceed those established by the Consumer Financial Protection Bureau. The Council of State Governments this weekend decided against recommending California’s “Homeowner’s Bill of Rights” as model legislation for states, according to a spokesman for the CSG. The Mortgage Bankers Association had warned that piecemeal adoption of California’s bill would increase costs and create confusion. California’s Homeowner’s Bill of Rights included...
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