Code · BILL · 113th Congress · H.R. 1750 (Introduced in House) — To enhance the ability of community financial institutions to foster economic growth and serve their communities, boo... · Sec. 8

Sec. 8. Increase in small servicer exemption

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Section 6 of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2605 ) is amended by adding at the end the following: The Bureau shall, by regulation, provide exemptions to, or adjustments for, the provisions of this section for servicers that service 20,000 or fewer mortgage loans, in order to reduce regulatory burdens while appropriately balancing consumer protections. .

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U.S. Code

Servicing of mortgage loans and administration of escrow accounts
§ 2605

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Sec. 8

Increase in small servicer exemption

U.S.C.§ 2605

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