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Loan Servicing Regulation X

Learn the requirements needed to service mortgage loans in order to comply with CFPB rules and regulations.

Compliance for residential mortgage lending and servicing can be confusing and changes rapidly with guidance promulgated from several outlets, including the Consumer Financial Protection Bureau. This program will identify issues related to small servicers, including the definition of a small servicer, loss mitigation, successor in interest regulations, and forced place insurance. We will also look at recent litigation trends relating to mortgage servicing, including CFPB updates and COVID-19 ramifications.

90 minutes
Course Exam
Certificate of Completion
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Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Regulation X Applicability

  • Where to Find (12 CFR 1024)
  • 'Federally Related Mortgage Loans'
  • Exemptions and Partial Exemptions
    • Small Servicers, etc.

Mortgage Servicing

  • Applies to Any Mortgage Loan (12 CFR 1024.31)
  • Disclosure Requirements
    • General Disclosures
    • Mortgage Servicing Transfer Disclosures
  • Requests for Information
  • Forced Placed Insurance
  • Early Intervention
  • Continuity of Contact
  • Loss Mitigations Procedures

Successors in Interest

  • Effective April 19, 2018, Servicers Must Treat Confirmed Successors in Interest as Borrowers (12 CFR 1024.30)
  • Successor in Interest v. Confirmed Successor in Interest
    • Requirements
  • Loss Mitigation Options
  • Assumption of Loan

Penalties for Violations

  • Actual Damages
  • Pattern or Practice of Noncompliance

Hot Topics

  • Protections Related to COVID-19
  • Recent Litigation Trends
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on October 12, 2022.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • GA CLE 1.5
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • MO CLE 1.8
     
  • This course qualifies for self-study CLE credit in Missouri.
     
  • MS CLE 1.5
     
  • This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.5 credit hours.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • TN CLE 1.5
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
     
  • VT CLE 1.5
     
  • This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
     
  • WI CLE 1.5
     
  • This program qualifies for 1.5 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • MO CLE 1.8
     
  • NJ CLE 1.8
     
  • VT CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Gregory Todd

Gregory Todd

Armstrong Teasdale LLP

Greg Todd

  • Armstrong Teasdale Partner focused on real estate and creditors’ rights matters in both Missouri and Kansas
  • Nearly 20 years of experience with particular skill in matters involving foreclosure law and resolution of real estate title defects
  • Deep experience representing banks in multimillion-dollar commercial transactions
  • Supervised and managed over 4,000 non-judicial foreclosures in Missouri for successor trustee under deeds of trust regarding residential and commercial properties
  • Prior to working in private practice, Greg worked as an attorney at a Kansas-based default servicing company
  • Active with The Missouri Bar, Kansas Bar Association, and Kansas City Metropolitan Bar Association
Beverly M. Weber

Beverly M. Weber

Armstrong Teasdale LLP

Bev Weber

  • Armstrong Teasdale Partner with nearly 20 years of experience handling contentious matters at both the trial and appellate levels in state and federal court
  • Extensive experience serving as counsel to national mortgage servicers in wide-ranging, multi-claim matters including at trial and on appeal, including matters involving FCRA violations, enforcement rights, and foreclosure actions
  • Skilled trial lawyer with experience handling commercial loan transactions from origination through default and into litigation
  • Frequent speaker to industry members and clients on secured transactions, litigation trends, bankruptcy, creditors’ rights, financial compliance, and real estate titling
  • Active member and leader for the Kansas City Metropolitan Bar Association, Missouri Bankers Association, and Association for Women Lawyers of Greater Kansas City
  • Ranked among the Best of the Bar and Women Who Mean Business by the Kansas City Business Journal; Missouri/Kansas Super Lawyers®; and earned the Association for Women Lawyers of Greater Kansas City President’s Award.
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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  • OnDemand Courses
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  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408372
Published 2022
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