Alternative Mortgage Transactions Parity Act (AMTPA); CFPB Regulation D


The Alternative Mortgage Transactions Parity Act ("AMTPA"), as implemented by CFPB Regulation D, applies to credit that is secured by a residential structure having not more than four units, where the loan is made primarily for personal purposes, and where the interest rate may be adjusted or renegotiated. The original purpose of the AMTPA, when adopted in 1982, was to preempt then-existing State laws that prohibited State-licensed banks from making variable rate loans, provided that the State-chartered bank complied with certain Federal regulations. Section 1083 of Dodd-Frank amended the AMTPA to transfer rulemaking authority from the Comptroller, the NCUA, and the Office of Thrift Supervision to the CFPB.'s picture
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