MBA Education Successor In Interest State Level Reports Available
MBA and the Compliance Essentials program, in collaboration with leading legal experts, have created state-by-state reports to help servicers understand documents that are required to verify a successor in interest's status in each state.
One of the more challenging elements of the 2017 updates to mortgage servicing regulations are the requirements for handling both potential and confirmed successors in interest. Determining successors in interest can be complex enough when looking at the laws governing successorship in any one particular state. When looking at multiple states, this challenge can become an exponentially complex task for servicers and in-house counsel.
These concise and comprehensive reports have been created for each state, plus Washington D.C. and Puerto Rico, and will be an indispensable tool for your compliance staff. In effort to minimize the costs of compliance, MBA is pleased to offer tiered pricing based on the number of state reports your company needs and no more.
Reports are authored by Margaret Scott and Nanci Weissgold, Partners with Alston & Bird LLP.
--1-5 Reports: MBA Member $450 per state; Non-Member $900 per state
--6-10 Reports: Member $400 per state; Non-Member $800 per state
--11-49 Reports: Member $300 per state; Non-Member $600 per state
--All States (including Washington, D.C. and Puerto Rico): Member $250 per report/$13,000 total; Non-Member: $26,000 total
Each report is good for one year from purchase; after purchase, there will be a yearly renewal price of $75 per report ($150 non-member) or $4,000 for the complete package ($8,000 non-member). MBA and Alston & Bird LLP are committed to maintaining the accuracy of each report. In the event a state modifies their regulations, an updated report will be delivered to the purchaser within 60 days of the law going into effect. If there is no update to the law in a given state during the year, MBA will deliver the same report with an updated copyright date to validate that the information has been reviewed. All reports are delivered electronically.
For more information, contact David Upbin at firstname.lastname@example.org.