We have compiled the following schedule for the salient rulemaking initiatives of the CFPB regarding mortgage compliance.
The calendar covers August 2012 through June 2013.
I hope you will find it useful.*
IN THIS ARTICLE
August 2012
September 2012
December 2012
December 2012
January 2013
April 2013
June 2013
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August 2012
- Appraisals: proposed rule regarding appraisal changes required by Dodd-Frank's Truth-in-Lending and FIRREA amendments.
- Mortgage originator standards: proposed rule on mortgage originator standards.
- Mortgage servicing: proposed rule on mortgage servicing requirements.
- Copies of appraisals: proposed rule on copies of appraisals and other valuations to be furnished by creditors under Regulation B.
- Remittance transfers: final additional rule on remittance transfers.
September 2012
- Supervision of larger depository institutions and affiliates: proposed rules to clarify coordination between the CFPB and prudential regulators.
December 2012
- Second in a series of definitions of "larger participants": final rule to include debt collectors.
- Mandatory escrows/disclosures: final rule regarding mandatory escrow accounts and escrow account disclosures.
- Confidential treatment: final rule on confidential treatment of privileged information.
January 2013
- Registration of nonbank covered persons: advanced notice of proposed rulemaking on registration of certain nonbank covered persons.
On or by January 21, 2013
- Final rules regarding appraisals (Truth-in-Lending and FIRREA).
- Final rules on high-cost mortgages.
- Final rule on mortgage originator standards.
- Final rules on mortgage servicing.
- Final rule on copies of appraisals or other valuations to be furnished by creditors under Regulation B.
- Final ability-to-repay (ATR) rule.
After January 21, 2013
- RESPA/TILA disclosure integration: final rule.
April 2013
- HMDA: initiation of implementation planning for Home Mortgage Disclosure Act changes - additional data collection.
June 2013
- AMTPA: proposed broader Alternative Mortgage Transaction Parity Act (AMTPA) rule.
- Regulation B lending data: initiation of implementation planning for collection of additional women- or minority-owned and small business lending data under Regulation B.
Library
CFPB Library – Lenders Compliance Group
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*Jonathan Foxx is the President & Managing Director of Lenders Compliance Group
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*Jonathan Foxx is the President & Managing Director of Lenders Compliance Group
