FTC Issues Lender Bankruptcy Advice For Consumers

A new facts-for-consumers publication issued by the Federal Trade Commission (FTC) advises consumers what to do if their mortgage company or mortgage servicing company closes or files for bankruptcy.

The publication, called ‘How to Manage Your Mortgage If Your Lender Closes or Files for Bankruptcy,’ contains several situation-based tips for consumers related to servicing transfers, escrow accounts and payment disputes, the FTC says.

Copies of the document are available from the FTC's Web site at www.ftc.gov and from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Ave., N.W., Washington, D.C. 20580.


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