CFPB Issues an Interim Final Rule to Rescind the Final Rule ‘‘Protections for Borrowers Affected by the COVID–19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X”

The CFPB issued an interim final rule to rescind the final rule ‘‘Protections for Borrowers Affected by the COVID–19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X.” Specifically,

• Amended § 1024.31 (Definitions) by removing the definition of ‘‘COVID–19-related hardship.’’;
• Amended § 1024.39 (Early Intervention Requirements for Certain Borrowers.) by revising paragraph (a) and removing paragraph (e);
• Amended § 1024.41 (Loss Mitigation Procedures) by revising paragraphs (c)(2)(i) and

(c)(2)(v)(A)(1) and removing paragraphs (c)(2)(vi) and (f)(3); and

• Amended supplement I to Part 1024 (Official Interpretations) by:
• Revising 39(a)-Live Contact under § 1024.39 (Early Intervention Requirements for Certain Borrowers); and
• Removing 41(f)(3)-Temporary Special COVID–19 Loss Mitigation Procedural Safeguards and 41(f)(3)(ii)(C)-Unresponsive Borrower and revising 41(b)(1)-Complete Loss Mitigation Application under § 1024.41 (Loss Mitigation Procedures).

The interim final rule is effective July 15, 2025.

Click to view the Federal Register Vol. 90, No. 94: https://www.tenaco.com/wp-content/uploads/2025/05/US-RA-113203-05-17-25.pdf