WASHINGTON — The Consumer Financial Protection Bureau issued a bulletin Tuesday warning mortgage servicers of potential repercussions if consumers are harmed when servicing rights change hands.

The bulletin cautions servicers that CFPB examiners will be on the lookout for cases where borrowers get the "runaround" after servicing rights transfer from one company to another, particularly for borrowers awaiting a trial modification or other loss mitigation steps. The bureau said servicers that handle bigger transfers should be prepared to explain their plans to examiners for complying with the bureau's recent servicing rule, both before and after the transfer occurs. The agency warned that servicers not complying with legal measures could be subject to enforcement action.

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