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2013-01-19
article
Escrow Requirements Under the Truth in Lending Act (Regulation Z)
Part III
Rules and Regulations
D09002ee1bdcab3d2
D09002ee1bdcab4df
United States
Bureau of Consumer Financial Protection
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org
United States Government Agency or Subagency
The Bureau of Consumer Financial Protection (Bureau) is publishing a final rule that amends Regulation Z (Truth in Lending) to implement certain amendments to the Truth in Lending Act made by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Regulation Z currently requires creditors to establish escrow accounts for higher-priced mortgage loans secured by a first lien on a principal dwelling. The rule implements statutory changes made by the Dodd-Frank Act that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained. The rule also exempts certain transactions from the statute's escrow requirement. The primary exemption applies to mortgage transactions extended by creditors that operate predominantly in rural or underserved areas, originate a limited number of first-lien covered transactions, have assets below a certain threshold, and do not maintain escrow accounts on mortgage obligations they currently service.
78 FR 4726
https://www.govinfo.gov/app/details/FR-2013-01-22/2013-00734
2013-00734
fr22ja13-14
RIN 3170-AA16
4810-AM-P
Docket No. CFPB-2013-0001
https://www.govinfo.gov/app/details/FR-2013-01-22/2013-00734
https://www.govinfo.gov/content/pkg/FR-2013-01-22/html/2013-00734.htm
https://www.govinfo.gov/content/pkg/FR-2013-01-22/pdf/2013-00734.pdf
Advertising
Consumer Protection
Mortgages
Recordkeeping Requirements
Reporting
Truth in Lending
32 p.
4726
4757
78 FR 4726
Code of Federal Regulations
Title 12 Part 1026
12 CFR Part 1026
Regulation Identification Number 3170-AA16
RIN 3170-AA16
Escrow Requirements Under the Truth in Lending Act (Regulation Z); Federal Register Vol. 78, Issue
RULE
2013-00734
III
BUREAU OF CONSUMER FINANCIAL PROTECTION
2013-06-01
Docket No. CFPB-2013-0001
4810-AM-P
2013-00734
Final rule; official interpretations.
The Bureau of Consumer Financial Protection (Bureau) is publishing a final rule that amends Regulation Z (Truth in Lending) to implement certain amendments to the Truth in Lending Act made by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Regulation Z currently requires creditors to establish escrow accounts for higher-priced mortgage loans secured by a first lien on a principal dwelling. The rule implements statutory changes made by the Dodd-Frank Act that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained. The rule also exempts certain transactions from the statute's escrow requirement. The primary exemption applies to mortgage transactions extended by creditors that operate predominantly in rural or underserved areas, originate a limited number of first-lien covered transactions, have assets below a certain threshold, and do not maintain escrow accounts on mortgage obligations they currently service.
Effective date: The rule is effective June 1, 2013.
David Friend or Ebunoluwa Taiwo, Counsels, Office of Regulations, at (202) 435-7700.
Advertising
Consumer Protection
Mortgages
Recordkeeping Requirements
Reporting
Truth in Lending
Escrow Requirements under Truth in Lending Act (Regulation Z)
,
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http://www.ffiec.gov/hmda
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http://www2.fdic.gov/call_tfr_rpts/
Federal Register
Vol. 78, no. 14
Office of the Federal Register, National Archives and Records Administration
2013-01-22
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Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2013-01-22
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0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr22ja13
https://www.govinfo.gov/app/details/FR-2013-01-22
https://www.govinfo.gov/content/pkg/FR-2013-01-22/pdf/FR-2013-01-22.pdf
https://www.govinfo.gov/content/pkg/FR-2013-01-22/xml/FR-2013-01-22.xml
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