>>178119,
>>178120,
>>178121,
>>178122,
>>178123,
>>178124,
>>178125,
>>178126,
>>178127,
>>178128,
>>178129,
>>178130,
>>178131,
>>178132,
>>178133,
>>178134,
>>178135,
>>178136,
>>178137,
>>178138,
>>178139,
>>178140,
>>178141,
>>178142,
>>178143,
>>178144,
>>178145,
>>178146,
>>178147,
>>178148,
>>178149,
>>178150,
>>178151,
>>178152,
>>178153,
>>178154,
>>178155,
>>178156,
>>178157,
>>178158,
>>178159,
>>178160,
>>178161,
>>178162,
>>178163,
>>178164,
>>178165,
>>178166,
>>178167,
>>178168,
>>178169,
>>178170,
>>178171,
>>178172,
>>178173,
>>178174,
>>178175,
>>178176,
>>178177,
>>178178,
>>178179,
>>178180,
>>178181,
>>178182,
>>178183,
>>178184,
>>178185,
>>178186,
>>178187,
>>178188,
>>178189,
>>178190,
>>178191,
>>178192,
>>178193,
>>178194,
>>178195,
>>178196,
>>178197,
>>178198,
>>178199,
>>178200,
>>178201,
>>178202,
>>178203,
>>178204,
>>178205,
>>178206,
>>178207,
>>178208,
>>178209,
>>178210,
>>178211,
>>178212,
>>178213,
>>178214,
>>178215(i) eliminating unnecessary wet‑signature requirements for disclosures, applications, closing documents, and similar documents; (ii) standardizing acceptance of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital mortgage standards.
Sec. 8. Servicing and Supervisory Certainty. (a) The Secretary of HUD, the Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency shall consider, as appropriate and consistent with applicable law: (i) aligning supervisory expectations to support portfolio mortgage servicing as a core community banking function; extending cure‑first standards to good‑faith servicing errors; simplifying loss mitigation requirements; and issuing a proposed rule providing exemptions from complex mortgage services for smaller banks; and (ii) ensuring that supervisory evaluations of performing, prudently underwritten portfolio loans do not focus on technical defects or rely on evolving supervisory interpretations.
Sec. 9. Enforcement. (a) The Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency shall consider, as appropriate and consistent with applicable law, promulgating a policy against enforcement actions for violations of consumer financial laws that: (i) discourages imposing civil monetary penalties, except where the underlying violations are willful, knowing, or reckless; (ii) considers good corporate conduct, including a bank's correction of good-faith, technical compliance errors; and (iii) allows institutions a reasonable opportunity for self-identification and remediation of appropriate compliance matters.
Sec. 10. Duplicative or Unnecessary Licensing Requirements. The Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency shall consider, as appropriate and consistent with applicable law, eliminating duplicative or unnecessary requirements regarding licensing or registration for mortgage loan officers of any smaller bank.
Sec. 11. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect: (i) the authority granted by law to an executive department or agency, or the head thereof; or (ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals. (b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
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