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High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act (Reg. Z) and Homeownership Counseling Amendments to the Real Estate Settlement Procedures Act (Reg. X); Final Rule, Official Interpretations (CFPB - Fed Reg Version)

The CFPB published in the Federal Register final amendments and official commentary to Regulation Z and Regulation X with respect to mortgage servicer obligations.Effective Date: January 10, 2014.

Cross-Reference(s): Dodd-Frank Sections 1411 ("Ability to Repay"), 1412 ("Safe Harbor and Rebuttal Presumption"), 1414 ("Additional Standards and Requirements"), 1418 ("Six-Month Notice Required before Reset of Hybrid Adjustable Rate Mortgages"), 1420 ("Disclosures Required in Monthly Statements for Residential Mortgage Loans"), and 1464 ("Truth in Lending Act Amendments").

View rule release in full: 77 FR 6855.See: Our original stories on the Regulation Z and Regulation X amendments to learn more.

Tags

Regulated Activities
Lending Disclosures
Sub-Activity
Lending-Real Estate Appraisals and Lending, TILA
Regulated Entities
Banking Entities
Regulated Products
Real Estate / Mortgages
Sub-Product
RESPA
Body of Law
Banking Law
Jurisdiction
US - Federal