03 Sep 2024
State Laws and Regulations Governing Mortgage Servicing Fees
Practical Guidance offers a Mortgage Servicing Fees topic in the FSR State Law Comparison Tool. This Q&A series offers comprehensive guidance on permissible mortgage servicing fees for institutions across all 50 U.S. states​. Practitioners can utilize this tool to understand the regulatory requirements for disclosures and statutory fees that companies servicing consumer residential mortgages may charge.
Related Content
- Mortgage Servicing Issues and Regulatory Considerations
Review this practice note discussing mortgage servicing issues and considerations for practitioners to evaluate under the Truth-in-Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). This practice note also reviews steps that must be undertaken in a mortgage servicing transfer.
- TRID Disclosure and Closing Process
Explore best practices for complying with the TILA-RESPA Integrated Disclosure rule, also known as TRID or the "Know Before You Owe" rule. This practice provides practitioners with an overview of the recent changes implemented by TRID and their impact on practitioners.
- Fair Lending Guidance and Disclosure Requirements for Residential Mortgages
Access this practice note for a comprehensive overview of fair lending laws, regulations, and disclosure requirements related to residential mortgages under the Equal Credit Opportunity Act, the Fair Credit Reporting Act, and the Fair Housing Act.
- Unfair, Deceptive, and Abusive Acts or Practices (UDAAPs) Restrictions Compliance Checklist
Utilize this UDAAP checklist to assist in assessing the adequacy of policies, procedures, and controls designed to prevent UDAAP violations.
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