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CFPB | RIN: 3170-AA43 | Publication ID: Spring 2014 |
Title: Further Amendments to 2013 Mortgage Rules (Regulations X and Z) | |
Abstract: In January 2013, the CFPB issued nine final rules implementing numerous provisions of the Equal Credit Opportunity Act, the Real Estate Settlement Procedures Act, and the Truth in Lending Act, as amended by title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB has since made various corrections, clarifications, and other amendments to the January 2013 final rules discussed in RIN 3170-AA37. Certain provisions of the rules took effect in 2013 and the rest of the rules took effect in January 2014. The CFPB expects to conduct further analysis to consider possible amendments as warranted based on the CFPB's monitoring of the market and implementation of the Dodd-Frank Act requirements. The CFPB expects to release a notice of proposed rulemaking on certain limited issues in spring 2014 while it is continuing to assess possible revisions to the definitions of "rural" and "underserved," for purposes of certain exemptions from several otherwise applicable requirements; additional guidance that would facilitate the development of automated underwriting systems for purposes of calculating debt-to-income ratios in connection with qualified mortgage determinations; and other topics. | |
Agency: Consumer Financial Protection Bureau(CFPB) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 12 CFR 1024 12 CFR 1026 | |
Legal Authority: 12 USC 2601 12 USC 2603 to 2605 12 USC 2607 12 USC 2609 12 USC 2617 12 USC 5511 and 5512 12 USC 5581 12 USC 5532 15 USC 1601 et seq |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 3170-AA37 | |
Agency Contact: Paul Mondor Office of Regulations Consumer Financial Protection Bureau Phone:202 435-7700 |