The New York Department of Financial Services is proposing new regulations on mortgage loan servicers related to affiliated business arrangements (AfBAs), loss mitigation and single point of contact.
The comment period for the Proposed New Part 419 of the Superintendent’s Regulations, 3 New York Codes, Rules & Regulations ends June 29.
Read on for details from the proposal, which would take effect upon publication of the Notice of Adoption in the State Register.
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