Regulatory Alerts2020-03-20
Added · Updated
Bulletin 2926 - March 20, 2020
The guidance urges Connecticut licensed mortgage servicers to discuss borrower repayment abilities, waive late fees, and inform homeowners of forbearance and deferment options to mitigate foreclosure risks during the COVID-19 pandemic. Mortgage servicers are requested to align internal and external collection teams with these accommodation policies to ensure borrowers are aware of available relief. Additionally, the bulletin announces that The Guilford Savings Bank has filed to establish a full-service branch at 158 Washington Avenue in North Haven, CT, with a 30-day public comment period for the application.
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