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Information needed before a case-specific conclusion
- payment status
- loan type
- property state
12 C.F.R. § 1024.17(i)
A servicer generally conducts an annual analysis and sends a statement within 30 calendar days after the computation year. The statement includes the past-year history, next-year projection, balances, deposits, disbursements, and outcome treatment.
Evidence to gather
- Computation-year end
- Statement date
- All pages of annual statement
Important exceptions
- The annual-statement requirement has exceptions when the borrower is more than 30 days overdue, foreclosure has begun, or the borrower is in bankruptcy.