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Expert Analysis

Mortgage Servicers Should Review Escheat Compliance

By Kendall Houghton, Nanci Weissgold and Michael Giovannini (July 13, 2017, 12:05 PM EDT) -- Several significant developments have transpired in the world of unclaimed property law that could have a significant impact on mortgage servicers' compliance efforts. As a result, states have taken (and will continue to take) steps to reform their unclaimed property laws, which will force members of corporate America to take a hard look at their internal compliance programs. In the meantime, we expect states to continue their rigorous enforcement of these laws....

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