18 Jan 2022
Mortgage Servicing Issues and Regulatory Considerations
The deadline for sunsetting the use of London Inter-Bank Offered Rate (LIBOR) is quickly approaching. Financial institutions, creditors, and mortgage servicers have various regulatory and statutory requirements impacted or triggered by the LIBOR transition for both new and existing consumer accounts. Is your lending organization prepared to make the transition from LIBOR-based indices?
Related Content
- Banking Regulation To Watch In 2022
Explore regulatory priorities and trends that financial service organizations should anticipate in 2022. Review this article to gain an understanding of regulatory expectations with respect to the establishment and adaptation of LIBOR alternatives by required institutions.
- LIBOR Phase-Out 2023 Risk Factor
Use this template to supplement your organization’s risk disclosures relating to the phase-out of LIBOR.
- Comment: US banks substituting Libor with Bloomberg index, perhaps unnerved by Gensler remarks, should note bank regulators' guidance
Access this analysis document to view the Securities Exchange Commission’s view on U.S. banks replacing LIBOR with alternative indexes in their financial contracts.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insight documents on trending areas for financial service organizations.
- Bank Regulatory Counsel Resource Kit and In-House Banking and Financial Services Resource Kit are some of the resources available to cover key issues, laws, and regulations applicable to in-house lawyers and counsel advising on LIBOR transition requirements. Resource kits include helpful articles, practice notes, templates, and checklists.
- The Practical Guidance Journal Fall Edition features guidance as financial institutions gear up for climate-related risk implications under Executive Order 14030.
- Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 20 practice areas, and find out how you can Become a Practical Guidance Author.
- Document alerts are now available in Practical Guidance. This allows you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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