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CFPB RIN: 3170-AA99 Publication ID: Fall 2019 
Title: ●Loan Originator Compensation 

Section 129B of the Truth in Lending Act (TILA) prohibits loan originator compensation that varies based on the terms of the loan, other than the amount of principal.  The Bureau’s Regulation Z, 12 CFR Part 1026, implements that prohibition.  The Bureau has received feedback that aspects of Regulation Z’s loan originator compensation requirements are unnecessarily restrictive.  The Bureau is considering a rulemaking to address these concerns.  Possible topics for consideration may include whether creditors may lower loan originator compensation for originating state housing finance authority loans and whether creditors may decrease a loan originator’s compensation due to the loan originator’s error.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 1026   
Legal Authority: 12 U.S.C. 5581    12 U.S.C. 1604(a)   
Legal Deadline:  None
Action Date FR Cite
Next Action Undetermined  To Be Determined 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Terry J. Randall
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700