| CFPB - Consumer Financial Prot Bureau |
CFPB: 12 CFR 1002
Equal Credit Opportunity (Reg. B)
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CFPB: 12 CFR 1002._6
Equal Credit Opportunity Act (Reg. B)
1002.6 Rules concerning evaluation of applications.
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CFPB: 12 CFR 1002.12
Equal Credit Opportunity (Reg. B)
1002.12 Record retention.
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CFPB: 12 CFR 1002.14
Equal Credit Opportunity (Reg. B)
1002.14 Rules on providing appraisal reports.
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CFPB: 12 CFR 1003
Home Mortgage Disclosure Act (Reg. C).
The regulation is supplemented by:
- Appendix A - Form & Instructions for Completion of HMDA Loan/Application Register.
- Appendix B - Form & Instructions for Data Collection on Ethnicity, Race, Sex.
- Supplement I to Part 1003 - Staff Commentary.
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CFPB: 12 CFR 1003 Supplement I - Staff Commentary 1003.2
Home Mortgage Disclosure (Reg. C)
SUPPLEMENT I TO PART 1003—STAFF COMMENTARY
Section 1003.2—Definitions
Financial institution.
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3. Coverage after a merger. Several scenarios of data-collection responsibilities for the calendar year of a merger are described below (click on link). Under all the scenarios, if the merger results in a covered institution, that institution must begin data collection January 1 of the following calendar year.
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CFPB: 12 CFR 1003 Supplement I - Staff Commentary 1003.4(d)
Home Mortgage Disclosure (Reg. C)
SUPPLEMENT I TO PART 1003—STAFF COMMENTARY
Section 1003.4—Compilation of Loan Data
4(d) Excluded data.
- Mergers, purchases in bulk, and branch acquisitions. If a covered institution acquires loans in bulk from another institution (for example, from the receiver for a failed institution) but no merger or acquisition of the institution, or acquisition of a branch, is involved, the institution reports the loans as purchased loans.
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CFPB: 12 CFR 1003.5
Home Mortgage Disclosure Act (Reg. C)
1003.5 Disclosure and reporting.
(a) Reporting to agency. (1)
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(d) Availability of data.
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CFPB: 12 CFR 1004
Alternative Mortgage Transaction Parity (Reg. D).
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CFPB: 12 CFR 1005
Electronic Fund Transfers (Reg. E)
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CFPB: 12 CFR 1005.13(b)
Electronic Fund Transfers (Reg. E)
205.13 Administrative enforcement; record retention.
(b) Record retention.
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CFPB: 12 CFR 1007
S.A.F.E. Mortgage Licensing Act - Federal Registration of Residential Mortgage Loan Originators
1007.101 Authority, purpose, and scope.
1007.102 Definitions.
1007.103 Registration of mortgage loan originators.
1007.104 Policies and procedures.
1007.105 Use of unique identifier.
Appendix A to Part 761—Examples of Mortgage Loan Originator Activities
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CFPB: 12 CFR 1013
Consumer Leasing (Reg. M)
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CFPB: 12 CFR 1014
Mortgage Acts and Practices-Advertising (Reg. N)
1014.1 Scope of regulations in this part.
1014.2 Definitions.
1014.3 Prohibited representations.
1014.4 Waiver not permitted.
1014.5 Recordkeeping requirements.
1014.6 Actions by states.
1014.7 Severability.
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CFPB: 12 CFR 1014.5
Mortgage Acts and Practices-Advertising (Reg. N)
1014.5 Recordkeeping requirements.
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CFPB: 12 CFR 1016
Privacy of Consumer Financial Information (Reg. P)
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CFPB: 12 CFR 1022
Fair Credit Reporting (Reg. V)
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CFPB: 12 CFR 1024.10(e)
Real Estate Settlement Procedures Act (RESPA)
1024.10 One-day advance inspection of HUD–1 or HUD–1A settlement statement; delivery; recordkeeping.
(e) Recordkeeping. The lender shall retain each completed HUD–1 or HUD–1A and related documents for five years after settlement, unless the lender disposes of its interest in the mortgage and does not service the mortgage. In that case, the lender shall provide its copy of the HUD–1 or HUD–1A to the owner or servicer of the mortgage as a part of the transfer of the loan file. Such owner or servicer shall retain the HUD–1 or HUD–1A for the remainder of the five-year period. The Secretary shall have the right to inspect or require copies of records covered by this paragraph.
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CFPB: 12 CFR 1024.14
Real Estate Settlement Procedures Act (RESPA)
1024.14 Prohibition against kickbacks and unearned fees.
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CFPB: 12 CFR 1024.14(h)
Real Estate Settlement Procedures Act (RESPA)
1024.14 Prohibition against kickbacks and unearned fees.
(h) Recordkeeping.
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CFPB: 12 CFR 1024.15
Real Estate Settlement Procedures Act (RESPA)
1024.15 Affiliated business arrangements.
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CFPB: 12 CFR 1024.15(d)
Real Estate Settlement Procedures Act (RESPA)
1024.15 Affiliated business arrangements.
(d) Recordkeeping.
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CFPB: 12 CFR 1024.17
Real Estate Settlement Procedures Act (RESPA)
1024.17 Escrow accounts.
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CFPB: 12 CFR 1024.17(l)
Real Estate Settlement Procedures Act (RESPA)
1024.17 Escrow accounts.
(l) System of recordkeeping.
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CFPB: 12 CFR 1026
Truth in Lending (Reg. Z)
Appendices, model forms, and commentary are included in the link to the last section of the regulation:
- Subpart A - General.
- Subpart B - Open-end credit.
- Subpart C - Closed-end credit.
- Subpart D - Miscellaneous.
- Subpart E - Special rules for certain home mortgage transactions.
- Subpart F - Special Rules for Private Education Loans.
- Subpart G—Special Rules Applicable to Credit Card Accounts and Open-End Credit Offered to College Students.
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CFPB: 12 CFR 1026 Appendix D to Part 1026
Truth in Lending (Reg. Z)
Appendix D - Multiple Advance Construction Loans.
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CFPB: 12 CFR 1026._4
Truth in Lending (Reg. Z) - Open-End Credit
1026.4 Finance Charge.
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CFPB: 12 CFR 1026._6
Truth in Lending (Reg. Z) - Open-End Credit
1026.6 Account-opening disclosures.
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CFPB: 12 CFR 1026._7
Truth in Lending (Reg. Z) - Open-End Credit
1026.7 Periodic statement.
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CFPB: 12 CFR 1026._9
Truth in Lending (Reg. Z) - Open-End Credit
1026.9 Subsequent disclosure requirements.
For Variable Rate Loan: |
CFPB: 12 CFR 1026._9(f)
Truth in Lending (Reg. Z) - Open-End Credit
1026.9(f)Change in credit card account insurance provider —(1) Notice prior to change.
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CFPB: 12 CFR 1026.13
Truth in Lending (Reg. Z) - Open-End Credit
1026.13 Billing error resolution.
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CFPB: 12 CFR 1026.15
Truth in Lending (Reg. Z) - Open-End Credit
1026.15 Right of rescission.
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CFPB: 12 CFR 1026.16
Truth in Lending (Reg. Z) - Open-End Credit
1026.16 Advertising.
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CFPB: 12 CFR 1026.18
Truth in Lending (Reg. Z) - Closed-End Credit
1026.18 Content of disclosures.
See (f) Variable rate.
See (j) Total sale price.
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CFPB: 12 CFR 1026.19
Truth in Lending (Reg. Z) - Closed-End Credit
1026.19 Certain residential mortgage and variable-rate transactions.
- See (b) Certain variable-rate transactions.
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CFPB: 12 CFR 1026.20
Truth in Lending (Reg. Z) - Closed-End Credit
1026.20 Subsequent disclosure requirements.
- See (c) Variable-rate adjustments.
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CFPB: 12 CFR 1026.24
Truth in Lending (Reg. Z)- Closed-End Credit
1026.24 Advertising.
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CFPB: 12 CFR 1026.25
Truth in Lending (Reg. Z)
1026.25 Record retention.
(a) General rule. A creditor shall retain evidence of compliance with this regulation (other than advertising requirements under §§226.16 and 226.24) for 2 years after the date disclosures are required to be made or action is required to be taken. The administrative agencies responsible for enforcing the regulation may require creditors under their jurisdictions to retain records for a longer period if necessary to carry out their enforcement responsibilities under section 108 of the act.
(b) Inspection of records. A creditor shall permit the agency responsible for enforcing this regulation with respect to that creditor to inspect its relevant records for compliance.
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CFPB: 12 CFR 1026.27
Truth in Lending (Reg. Z)
1026.27 Language of disclosure.
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CFPB: 12 CFR 1026.31 to 1026.39
Truth in Lending (Reg. Z)
Subpart E - Special Rules for Certain Home Mortgage Transactions. (1026.31 - 1026.39)
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CFPB: 12 CFR 1026.36
Truth in Lending (Reg. Z)
Subpart E - Special Rules for Certain Home Mortgage Transactions.
1026.36 Prohibited acts or practices in connection with credit secured by a dwelling.
See (a), (d), (e), and (f):
(a) Loan originator and mortgage broker defined.
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(d) Prohibited payments to loan originators.
(e) Prohibition on steering.
(f) This section does not apply to a home-equity line of credit subject to § 226.5b. Section 226.36(d) and (e) do not apply to a loan that is secured by a consumer's interest in a timeshare plan described in 11 U.S.C. 101(53D).
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CFPB: 12 CFR 1026.40
Truth in Lending (Reg. Z) - Open-End Credit
1026.40 Requirements for home equity plans.
For Variable Rate Loan:- See (d)(12)
Disclosures for variable-rate plans.
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CFPB: 12 CFR 1026.42
Truth in Lending (Reg. Z)
1026.42 Valuation independence.
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CFPB: 12 CFR 1026.46 to 1026.48
Truth in Lending (Reg. Z)
Subpart F — Special Rules for Private Education Loans.
1026.46 Special disclosure requirements for private education loans.
1026.47 Content of disclosures.
1026.48 Limitations on private education loans.
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CFPB: 12 CFR 1026.51 to .58
Truth in Lending (Reg. Z)
Subpart G—Special Rules Applicable to Credit Card Accounts and Open-End Credit Offered to College Students
1026.51 Ability to Pay.
1026.52 Limitations on fees.
1026.53 Allocation of payments.
1026.54 Limitations on the imposition of finance charges.
1026.55 Limitations on increasing annual percentage rates, fees, and charges.
1026.56 Requirements for over-the-limit transactions.
1026.57 Reporting and marketing rules for college student open-end credit.
1026.58 Internet posting of credit card agreements.
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CFPB: 12 CFR 1026.60
Truth in Lending (Reg. Z) - Open-End Credit
1026.60 Credit and charge card applications and solicitations.
- See (b)(1) Annual percentage rate.
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CFPB: 12 CFR 1026_Supplement I to Part 1026
Truth in Lending (Reg. Z)
Official Staff Interpretations
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CFPB: 2013 RESPA (Reg. X) & TILA (Reg. Z) Mortgage Servicing Final Rules, (January 17, 2013) (Eff. January 10, 2014)
These final rules implement provisions of the Dodd-Frank Act regarding mortgage loan servicing.
The Reg. X final rule implements servicers’ obligations to correct errors asserted by mortgage borrowers; to provide certain information requested by such borrowers; and to provide protections to such borrowers in connection with force-placed, servicers’ obligations to establish reasonable policies and procedures to achieve certain objectives; to provide information about mortgage loss mitigation.
The Reg. Z final rule implements rate adjustment notices for adjustable-rate mortgages, periodic statements for residential mortgage loans, prompt crediting of mortgage payments, and responses to requests for payoff amounts. amounts.
This rule is effective January 10, 2014.
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CFPB: Ability to Repay and Qualified Mortgage Standards Under the Truth in Lending Act (Reg. Z), (January 10, 2013) (Eff. January 10, 2014)
The CFPB amended Reg. Z, which implements the Truth in Lending Act (TILA). Reg. Z currently prohibits a creditor from making a higher-priced mortgage loan without regard to the consumer’s ability to repay the loan. The final rule implements sections 1411 & 1412 of the Dodd-Frank Wall Street Reform & Consumer Protection Act (Dodd-Frank Act), which generally require creditors to make a reasonable, good faith determination of a consumer’s ability to repay any consumer credit transaction secured by a dwelling (excluding an open-end credit plan, timeshare plan, reverse mortgage, or temporary loan) & establishes certain protections from liability under this requirement for “qualified mortgages.” The final rule also implements section 1414 of the Dodd-Frank Act, which limits prepayment penalties. Finally, the final rule requires creditors to retain evidence of compliance with the rule for three years after a covered loan is consummated.
This rule is effective January 10, 2014.
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CFPB: Appraisals for Higher-Priced Mortgage Loans, (January 18, 2013) (Eff. January 18, 2014)
This rule implements the Truth in Lending Act (TILA), and the official interpretation to the regulation. The revisions to Regulation Z implement a new provision requiring appraisals for “higher-risk mortgages” that was added to TILA by the Dodd-Frank Act. For mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, the final rule requires creditors to obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used.
This rule is effective January 18, 2014.
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CFPB: Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (Reg. B), (January 18, 2013) (Eff. January 18, 2014)
The final rule revises Regulation B to implement an ECOA amendment concerning appraisals and other valuations that was enacted as part of the Dodd-Frank Act. In general, the revisions to Regulation B require creditors to provide to applicants free copies of all appraisals and other written valuations developed in connection with an application for a loan to be secured by a first lien on a dwelling, and require creditors to notify applicants in writing that copies of appraisals will be provided to them promptly.
This rule is effective January 18, 2014.
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CFPB: Escrow Requirements under the Truth in Lending Act (Reg. Z), (January 10, 2013) (Eff. June 1, 2013)
The CFPB is issuing a final rule that amends Regulation Z (Truth in Lending) to implement certain amendments to the Truth in Lending Act made by the Dodd-Frank Act. Regulation Z currently requires creditors to establish escrow accounts for higher-priced mortgage loans secured by a first lien on a principal dwelling. The rule implements statutory changes made by the Dodd-Frank Act that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained. The rule also exempts certain transactions from the statute’s escrow requirement. The primary exemption applies to mortgage transactions extended by creditors that operate predominantly in rural or underserved areas, originate a limited number of first-lien covered transactions, have assets below a certain threshold, and do not maintain escrow accounts on mortgage obligations they currently service.
This rule is effective June 1, 2013.
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CFPB: High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act (Reg. Z) and Homeownership Counseling Amendments to the RESPA (Reg. X), (January 10, 2013) (Eff. January 10, 2014)
The CFPB issued this final rule to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act’s amendments to the Truth in Lending Act and the Real Estate Settlement Procedures Act. The final rule amends Regulation Z (Truth in Lending) by expanding the types of mortgage loans that are subject to the protections of the Home Ownership and Equity Protections Act of 1994 (HOEPA), revising and expanding the tests for coverage under HOEPA, and imposing additional restrictions on mortgages that are covered by HOEPA, including a pre-loan counseling requirement. The final rule also amends Regulation Z and Regulation X (Real Estate Settlement Procedures Act) by imposing certain other requirements related to homeownership counseling, including a requirement that consumers receive information about homeownership counseling providers.
This rule is effective January 10, 2014.
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CFPB: Loan Originator Compensation Requirements under the Truth in Lending Act (Reg. Z), (January 20, 2013) (Eff. January 10, 2014)
The final rule implements requirements & restrictions imposed by the Dodd-Frank Act concerning loan originator compensation; qualifications of, & registration or licensing of loan originators; compliance procedures for depository institutions; mandatory arbitration; & the financing of single-premium credit insurance.
The amendments to § 1026.36(h) and (i) are effective on June 1, 2013. All other provisions of the rule are effective on January 10, 2014.
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