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Mortgage Servicer Duty of Good Faith Act (2023)

Available in the following formats:

Model Good Faith Mortgage Servicing Bill.docx

Primary source type

Issued:

Date

2023

Description

Mortgage Servicer Duty of Good Faith (2023) establishes a duty of good faith for mortgage servicers. Violation of that duty can stay a foreclosure or declare a completed foreclosure sale void.  Other private remedies are set out and limits on the consumer’s waiver of rights or remedies are restricted.

Related NCLC Treatise:

Mortgage Servicing and Loan Modifications

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Home Foreclosures

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