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CFPB RIN: 3170-AA43 Publication ID: Spring 2015 
Title: Further Amendments to 2013 Mortgage Rules (Regulations X and Z) 

In January 2013, the CFPB issued 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. Certain provisions of the rules took effect in 2013, and the rest of the rules took effect in January 2014. The CFPB continues 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 released a notice of proposed rulemaking on certain limited issues in spring 2014 and published a final rule thereunder on November 3, 2014, to provide certain adjustments to its rules for certain nonprofit entities and to provide a cure mechanism for lenders seeking to make "qualified mortgages” under rules requiring assessment of consumers’ ability to repay their mortgage loans where the mortgages exceed certain limitations on points and fees. In addition, the CFPB published an interpretive rule titled "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-in-Interest" on July 17, 2014. Further, the CFPB, in January 2015, issued a notice of proposed rulemaking in connection with certain provisions that modify general requirements for small creditors, including small creditors that operate predominantly in "rural or underserved” areas, while it also continues to assess possible 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: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1024    12 CFR 1026   
Legal Authority: 12 U.S.C. 2601    12 U.S.C. 2603 to 2605    12 U.S.C. 2607    12 U.S.C. 2609    12 U.S.C. 2617    12 U.S.C. 5511 and 5512    12 U.S.C. 5581    12 U.S.C. 5532    15 U.S.C. 1601 et seq.   
Legal Deadline:  None
Action Date FR Cite
NPRM (Regulation Z) (Limited Issues)  05/06/2014  79 FR 25730   
NPRM Comment Period End (Regulation Z) (Limited Issues)  07/07/2014 
Interpretive Rule (Regulation Z) (Successors-in-Interest)  07/17/2014  79 FR 41631   
Interpretive Rule Effective (Regulation Z) (Successors-in-Interest)  07/17/2014 
Final Rule (Regulation Z) (Limited Issues)  11/03/2014  79 FR 65299   
Final Rule Effective (Regulation Z) (Limited Issues)  11/03/2014 
NPRM (Regulation Z) (Rural or Underserved)  02/11/2015  80 FR 7769   
NPRM Comment Period End (Regulation Z) (Rural or Underserved)  03/30/2015 
NPRM (Regulation Z) (Small Creditor, Rural or Underserved)  02/11/2015  80 FR 7769   
NPRM Comment Period End (Regulation Z) (Small Creditor, Rural or Underserved)  03/30/2015 
Final Rule  09/00/2015 
Regulatory Flexibility Analysis Required: No  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, Related to 3170-AA49 
Agency Contact:
Priscilla Walton-Fein
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700

Paul Ceja
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700