Discontinuation of Foreclosure Proceedings Summary

Updated 03/17/2016

The residential real estate foreclosure process presents operational, compliance, and reputational risk the Bank needs to address. The Board and Bank management not only need to identify all the risks and implement procedures to address, monitor and mitigate these risks; the decision to discontinue foreclosure proceedings must also be addressed. The FDIC clarified regulatory expectations in existing guidance for banks when the decision to discontinue foreclosure proceedings have been made in FIL-14-2016.

Members Can Download This Tool

Login to Download

Not Yet a Member?

Our members enjoy:

On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time 

Research time saved daily & weekly across forms, checklists, and trainings — for every regulation

Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff

A sounding board for support and reassessment when institutional goals or the regulatory environment changes

Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions

The knowledge that C/A was created and owned by 30 State Bankers Association to provide bank compliance services to their membership organizations

Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.

Become a Member