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FRS RIN: 7100-AF16 Publication ID: Spring 2019 
Title: ●Regulations H and K--Docket R-1622--Registration of Mortgage Loan Originators (Docket No: R-1622) 
Abstract:

The Board of Governors of the Federal Reserve System (Board) is proposing to repeal its regulations that incorporated the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act). Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) transferred rulemaking authority for a number of consumer financial protection laws, including the S.A.F.E. Act, from the Board to the Consumer Financial Protection Bureau (CFPB).  In December 2011, the CFPB published an interim final rule, incorporating the S.A.F.E. Act into its Regulations G and H. In April 2016. the CFPB finalized the interim final rule. Accordingly, the Board is proposing to repeal its S.A.F.E. Act regulations.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 5 CFR 1320   
Legal Authority: 12 U.S.C. 5101    12 U.S.C. 601    12 U.S.C. 221   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment  09/25/2018  83 FR 48402   
Board Expects Further Action  05/00/2019 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Stephanie Martin
Associate General Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3198

Clinton Chen
Senior Attorney
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3952

Justyna Bolter
Senior Attorney
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2686