NYDFS Mortgage Servicing Rules: Untangling Federal and State Servicing Requirements

Webinar | March.10.2020 | 2pm - 3pm (Eastern Daylight Time)

The New York Department of Financial Services late last year quietly published comprehensive mortgage servicing rules that went into immediate effect. These rules, which servicers must comply with by March 17, hit virtually every aspect of mortgage servicing and differ from federal mortgage servicing rules in important ways. Jon Langlois discussed the new NYDFS servicing rules, and in particular, the complexities of reconciling these federal and state requirements.

Speaker

Jon Langlois Partner, Financial & Fintech Advisory, Strategic Advisory & Government Enforcement (SAGE)

Washington, D.C.

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D:+1 202 349 8045
E: [email protected]

Practice:

Financial & Fintech Advisory
Strategic Advisory & Government Enforcement (SAGE)
Fintech

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Jon Langlois Partner

Washington, D.C.

He represents banks, nonbanks, fintechs, private equity and other financial services companies in a variety of corporate and transactional matters, particularly those involving residential mortgage and consumer loans, mortgage servicing rights, and servicing and subservicing relationships. He combines practical strategic advice with a deep knowledge of consumer lending and servicing to provide efficient, successful results.

In addition to his transaction practice, Jon assists clients on a wide range of regulatory issues, including compliance with key consumer financial laws, such as the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Fair Debt Collection Practices Act (FDCPA), unfair, deceptive, or abusive acts and practices (UDAAP), and other consumer protection issues.

Prior to joining Orrick, Jon was a partner at Buckley LLP. While in law school, he was a Legislative Analyst with Wilmer Cutler Pickering Hale and Dorr LLP, and a Government Affairs Representative with the American Financial Services Association.