Episode 114: The Role of Loan Servicers

If you have a loan, then the latest episode of Making Cents of Money is for you! Learn how loan servicers play a key role in borrowers’ financial lives and more! Show Notes: Government and Agency Reports: • Consumer Financial Protection Bureau. (2024, Apr 3). What happens if my loan servicer changes? Retrieved from https://www.consumerfinance.gov/ask-cfpb/what-happens-if-the-company-that-i-send-my-mortgage-payments-to-changes-en-215/ • U.S. Department of Education. (2023). Loan servicing information. Retrieved from https://studentaid.gov Laws and Regulations: • Real Estate Settlement Procedures Act (RESPA), 12 U.S.C. §§ 2601-2617. • Consumer Financial Protection Bureau. (n.d.). Real Estate Settlement Procedures Act (RESPA). Retrieved from https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/real-estate-settlement-procedures-act/ • Truth in Lending Act (TILA), 15 U.S.C. §§ 1601-1667f. • Consumer Financial Protection Bureau. (n.d.). 12 CFR Part 1026 – Truth in Lending (Regulation Z). Retrieved from https://www.consumerfinance.gov/rules-policy/regulations/1026/ Web Resources: • Federal Trade Commission. (n.d.). Your rights when paying your mortgage. Retrieved from https://consumer.ftc.gov/articles/your-rights-when-paying-your-mortgage • Federal Housing Finance Agency. (n.d.). About Fannie Mae & Freddie Mac. Retrieved from https://www.fhfa.gov/about/fannie-mae-freddie-mac Student Loans: • Federal Student Aid. (n.d.). Who’s my student loan servicer? Retrieved from https://studentaid.gov/manage-loans/repayment/servicers • University of Illinois System Student Money Management Center (n.d.). Student loans. Retrieved from https://www.studentmoney.uillinois.edu/learn/studentloans • Student Loan Management #GetSavvy webinar recording on YouTube: https://youtu.be/_9duc7kvTqg?feature=shared