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CFPB | RIN: 3170-AA49 | Publication ID: Spring 2016 |
Title: Amendments to the 2013 Mortgage Rules Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) | |
Abstract:
In January 2013, the CFPB issued final rules implementing numerous provisions of 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. The mortgage servicing rules took effect in January 2014. The CFPB published a proposal in the Federal Register in December 2014 to amend various provisions of its mortgage servicing rules, in both Regulation X (which implements RESPA) and Regulation Z. The Bureau proposed clarifications concerning the applicability of certain provisions when the borrower is in bankruptcy, additional enhancements to loss mitigation requirements, provisions to address the applicability of certain rules to successors in interest, and other amendments. The Bureau has been conducting consumer testing of certain disclosures as it prepares the final rule. The Bureau anticipates issuing a final rule in early summer. |
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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. 5532 12 U.S.C. 5581 15 U.S.C. 1601 et seq. |
Legal Deadline:
None |
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Timetable:
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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-AA14, Related to 3170-AA43 | |
Agency Contact: Laura Johnson Office of Regulations Consumer Financial Protection Bureau Phone:202 435-7700 Will Corbett Office of Regulations Consumer Financial Protection Bureau Phone:202 435-7700 |