The bank was found to have violated the 2011 consent order related to mortgage servicing from 1 October 2014 through 30 June 2015.
The OCC said that from December 2011 to November 2013, JPMorgan’s payment change notices in bankruptcy court did not comply with bankruptcy rules and were unsafe banking practices.
Meanwhile, EverBank has also been penalized by the OCC for violating the 2011 consent order by improperly charging fees related to mortgage electronic registration system assignments, property inspections, and late fees to approximately 47,000 borrowers.
EverBank will pay $1m in civil money penalty, in addition to making $1.6m in remediation payments to affected borrowers.
However, comptroller office is now terminating the consent orders against these banks because it determined that the institutions now comply with the orders.
