CFPB Amendments Related to Successors in Interest

Is Your Bank's Implementation Plan Ready to Execute?
Aired: Thursday, June 22, 2017

2.0 CRCM

Recordings of this  three-part mini-series zero in on the most challenging aspects of the Consumer Financial Protection Bureau's (CFPB's) recent amendments to the mortgage servicing rules—loss mitigation, successors in interest, and servicing borrowers in bankruptcy. These recordings focuses on practical information you need to know as your bank executes its implementation plan for the new rules. This series is designed for bankers who have a working knowledge of the new rules.

This series of recordings focus es on:
  • Necessary updates you need to make to your servicing policies and procedures
  • Practical guidance to assist you with implementing the rules
  • In-depth discussion and analysis of the more challenging aspects of the new rules
  • Tips for working with your vendors to implement the new rules
Part 2 discusses the new amendments to the mortgage servicing rules that significantly revise regulatory obligations regarding successors in interest. Are your policies and procedures reasonably designed to identify potential successors in interest? Are you prepared to communicate the documents reasonably required to confirm a person's identity and ownership interest in the property? Are you prepared to timely determine whether an individual is a "confirmed" successor in interest and satisfy the CFPB servicing requirements with respect to any "confirmed" successor in interest?

This recording addresses what is perhaps the most challenging aspect of the new servicing rules to operationalize.

This recording focuses on:

  • New policies and procedures
  • Confirmation and documentation determinations
  • New disclosure requirements


  • Krista Shonk, Vice President, Mortgage Finance / Senior Regulatory Counsel, American Bankers Association (moderator)
  • Jason R. Bushby, Partner, Bradley Arant Boult Cummings LLP
  • Jonathan R. Kolodziej, Associate, Bradley Arant Boult Cummings LLP

 Continuing Education Credits

The Institute of Certified Bankers (ICB) has approved this program for 2.0 CRCM continuing education credits for the live program and the recording.

CPE logo Recordings are not eligible for CPE credits.

American Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
​Questions? Please contact Linda Shepard / Cari Hearn for more information.

 Pricing & Purchasing


Streaming Online Recording
Now Available

ABA Member • $235
Non-Member • $365


 Who Should Attend

  • Compliance Officers and Managers
  • Chief Operating Officers
  • Servicing Managers
  • Risk Managers
  • Risk Auditors
  • Mortgage Lenders
  • Mortgage Loan Managers
  • Bank Counsel
  • Senior Bank Managers

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