E-2.1-02, Confirming Bankruptcy Information (11/12/2014)
Confirming Bankruptcy Information
Once the servicer determines that a borrower has filed bankruptcy, it must obtain confirmation and note in its bankruptcy tracking system all of the information shown in the following table.
| ✓ | Bankruptcy information the servicer must confirm and document in its file |
|---|---|
|
Borrower’s name. |
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|
Bankruptcy case number. |
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Date of filing. |
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Chapter under which the bankruptcy was filed. |
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Court that has jurisdiction over the case. |
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Name of the presiding bankruptcy judge. |
Within two weeks of a borrower filing for bankruptcy, the servicer must check its records for the mortgage loan to determine whether a previous bankruptcy has been filed. See for additional information.
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