[§454M-6]  Prohibited activities.  It
shall be unlawful for any mortgage servicer in the course of any mortgage loan
transaction:



(1)  To misrepresent or conceal material facts, to
make false promises, or to pursue a course of misrepresentation through its
agents or otherwise;



(2)  To engage in any transaction, practice, or course
of business that is not in good faith, does not constitute fair dealing, or
that constitutes a fraud upon any person, in connection with the servicing,
purchase, or sale of any mortgage loan;



(3)  To fail to comply with the mortgage loan
servicing transfer, escrow account administration, or borrower inquiry response
requirements imposed by Sections 6 and 10 of the Real Estate Settlement
Procedures Act, 12 United States Code Sections 2605 and 2609, and regulations
adopted thereunder by the Secretary of Housing and Urban Development; or



(4)  To fail to comply with applicable federal laws
and regulations related to mortgage servicing. [L 2009, c 106, pt of §1]