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CFPB RIN: 3170-AA13 Publication ID: Fall 2011 
Title: ●Mortgage Originator Standards (Regulation Z) 
Abstract: The CFPB is developing proposed regulations to implement the amendments made by subtitle A of title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), to the Truth in Lending Act (TILA), and to Regulation Z's loan originator compensation standards. Prior to the Dodd-Frank Act, the Federal Reserve Board (Board), as part of its August 26, 2009, proposal pertaining to closed-end credit, proposed prohibiting certain compensation payments to loan originators and prohibiting steering consumers to loans not in their interest because the loans would result in greater compensation for the loan originator. The Board published a final rule on loan originator compensation on September 24, 2010, to protect consumers from unfair or abusive lending practices that can arise from certain loan originator compensation practices. As added by the Dodd-Frank Act, many of the provisions in new TILA section 129B(c) have largely codified the approach taken in the Board's rules concerning loan originator compensation. However section 129B(c) also has some provisions not addressed by the Board's rules. The CFPB expects to issue proposed regulations clarifying the use of the unique identifier, payment of discount points and origination points, and anti-steering rules. 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 226.36    12 CFR 1026.36   
Legal Authority: 15 USC 1601 et seq    15 USC 1639b   
Legal Deadline:
Action Source Description Date
Final  Statutory    01/21/2013 
Timetable:
Action Date FR Cite
NPRM  07/00/2012    
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jane Gell
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700