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CFPB RIN: 3170-AA12 Publication ID: Spring 2013 
Title: High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act & Homeownership Counseling Amendments to the Real Estate Settlement Procedures Act 
Abstract: The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the Truth in Lending Act (TILA) by expanding the types of mortgage loans that are subject to the protections of the Home Ownership and Equity Protection Act of 1994 (HOEPA), by revising and expanding the tests for coverage under HOEPA, and by imposing additional restrictions on mortgages that are covered by HOEPA, including a pre-loan counseling requirement. The Dodd- Frank Act also amended TILA and the Real Estate Settlement Procedures Act (RESPA) by imposing certain other requirements related to homeownership counseling. The CFPB proposed to amend Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement Procedures Act) to implement the Dodd-Frank Act's amendments to TILA and RESPA. The comment period for the proposed rule originally ended on September 7, 2012, except that the comment period for the portion of the proposal relating to proposed information collections under the Paperwork Reduction Act closed on October 15, 2012. On September 6, 2012 the CFPB issued a notice extending the comment period to November 6, 2012, for certain specific aspects of the proposal. The CFPB issued a final rule on January 10, 2013, which was published in the Federal Register on January 31, 2013. 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 12 CFR 1026    12 CFR 1024   
Legal Authority: 12 USC 2601    15 USC 1601    15 USC 1602    15 USC 1604    15 USC 1639    12 USC 2604    12 USC 5581    12 USC 5512   
Legal Deadline:
Action Source Description Date
Final  Statutory    01/21/2013 
Action Date FR Cite
NPRM  08/15/2012  77 FR 49090   
NPRM Comment Period End  09/06/2012 
NPRM Comment Period Extended  09/06/2012  77 FR 54844   
Final Rule  01/31/2013  78 FR 6856   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Pavneet Singh
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700