Counsel

1557-AD40 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1557 Comptroller of the Currency OCC 1500 Department of the Treasury TREAS Credit Risk Retention by Securitizers

The OCC, FRB, FDIC, SEC, FHFA, and HUD issued rules to implement the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934 (15 U.S.C. section 78o-11) as added by section 941 of the Dodd-Frank Act. Section 15G generally requires the securitizer of asset-backed securities to retain not less than 5 percent of the credit risk of the assets collateralizing the asset-backed securities. Section 15G includes a variety of exemptions from these requirements including an exemption for asset-backed securities that are collateralized exclusively by residential mortgages that qualify as qualified residential mortgages as such term is defined by the agencies by rule.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No 12 CFR 43 PL 111-203, sec 941 12 USC 93a 12 USC 161 12 USC 1818 15 USC 78o-11 No NPRM 04/29/2011 76 FR 24090 NPRM Comment Period Extended 06/10/2011 76 FR 34010 NPRM Comment Period End 08/01/2011 Second NPRM 09/20/2013 78 FR 57928 Second NPRM Comment Period End 10/30/2013 Final Action 12/00/2014 No None No No No No Kevin Korzeniewski Counsel 1557 Comptroller of the Currency OCC 202 649-5490 kevin.korzeniewski@occ.treas.gov Chief Counsel's Office, 400 7th Street SW, Washington DC 20219