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?

Financial compliance consulting that's all-inclusive for small-to-medium community financial institutions, Compliance Alliance is owned by 28 state bankers associations and trusted as a banking compliance resource. Find out how a personalized team of attorneys and compliance professionals helps financial institutions like yours to operate leaner and stimulate growth across your entire enterprise when you take our demo/tour.

Become a Member