United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2013_register executive 2013-01-30 article Part III Proposed Rules D09002ee1c7fbea54 D09002ee1c7fbeb4a United States Bureau of Consumer Financial Protection originator org United States Government Agency or Subagency The Bureau of Consumer Financial Protection (Bureau) is proposing to amend Regulation Z, which implements the Truth in Lending Act (TILA). This proposal is related to a final rule published elsewhere in today's Federal Register. That final rule implements sections 1411, 1412, and 1414 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which creates new TILA section 129C. Among other things, the Dodd-Frank Act requires creditors to make a reasonable, good faith determination of a consumer's ability to repay any consumer credit transaction secured by a dwelling (excluding an open-end credit plan, timeshare plan, reverse mortgage, or temporary loan) and establishes certain protections from liability under this requirement for "qualified mortgages." The Bureau is proposing certain amendments to the final rule implementing these requirements, including exemptions for certain nonprofit creditors and certain homeownership stabilization programs and an additional definition of a qualified mortgage for certain loans made and held in portfolio by small creditors. The Bureau is also seeking feedback on whether additional clarification is needed regarding the inclusion of loan originator compensation in the points and fees calculation. 78 FR 6622 https://www.govinfo.gov/app/details/FR-2013-01-30/2013-00739 2013-00739 fr30ja13-37 RIN 3170-AA34 4810-AM-P Docket No. CFPB-2013-0002 https://www.govinfo.gov/app/details/FR-2013-01-30/2013-00739 https://www.govinfo.gov/content/pkg/FR-2013-01-30/html/2013-00739.htm https://www.govinfo.gov/content/pkg/FR-2013-01-30/pdf/2013-00739.pdf Advertising Consumer Protection Mortgages Reporting and Recordkeeping Requirements Truth in Lending 51 p. 6622 6672 78 FR 6622 Title 12 Part 1026 12 CFR Part 1026 RIN 3170-AA34 Ability To Repay Standards Under the Truth in Lending Act (Regulation Z); Federal Register Vol. 78, Issue PRORULE 2013-00739 III BUREAU OF CONSUMER FINANCIAL PROTECTION 2013-02-25 2013-03-01 Docket No. CFPB-2013-0002 4810-AM-P 2013-00739 Proposed rule with request for public comment.

The Bureau of Consumer Financial Protection (Bureau) is proposing to amend Regulation Z, which implements the Truth in Lending Act (TILA). This proposal is related to a final rule published elsewhere in today's Federal Register. That final rule implements sections 1411, 1412, and 1414 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which creates new TILA section 129C. Among other things, the Dodd-Frank Act requires creditors to make a reasonable, good faith determination of a consumer's ability to repay any consumer credit transaction secured by a dwelling (excluding an open-end credit plan, timeshare plan, reverse mortgage, or temporary loan) and establishes certain protections from liability under this requirement for "qualified mortgages." The Bureau is proposing certain amendments to the final rule implementing these requirements, including exemptions for certain nonprofit creditors and certain homeownership stabilization programs and an additional definition of a qualified mortgage for certain loans made and held in portfolio by small creditors. The Bureau is also seeking feedback on whether additional clarification is needed regarding the inclusion of loan originator compensation in the points and fees calculation.

Comments must be received on or before February 25, 2013, except that comments on the Paperwork Reduction Act analysis in part VIII of this Federal Register notice must be received on or before March 1, 2013. Jennifer B. Kozma, Eamonn K. Moran, or Priscilla Walton-Fein, Counsels; Thomas J. Kearney or Mark Morelli, Senior Counsels; or Stephen Shin, Managing Counsel, Office of Regulations, at (202) 435-7700. Advertising Consumer Protection Mortgages Reporting and Recordkeeping Requirements Truth in Lending Ability to Repay Standards under Truth in Lending Act (Regulation Z) , CFPB_Public_PRA@cfpb.gov submissions@omb.eop.gov http://ci.fhlbc.com/Grant_Pgms/DPP.shtml http://portal.hud.gov/hudportal/documents/huddoc?id=fhamktq2_2012.pdf http://portal.hud.gov/hudportal/HUD?src=/program_offices/comm_planning/affordablehousing/programs/home http://portal.hud.gov/hudportal/HUD?src=/program_offices/comm_planning/affordablehousing/training/web/lihtc/basics http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/rmra/oe/rpts/ooe/olmenu http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/np/sfhdap01 http://www.cdfifund.gov/docs/certification/cdfi/CDFI http://www.federalreserve.gov/newsevents/press/enforcement/20110720a.htm http://www.federalreserve.gov/releases/chargeoff/default.htm http://www.federalreserve.gov/releases/housedebt/ http://www.fhfa.gov/webfiles/13495/125_LTV_release_and_fact_sheet_7_01_09%5B1%5D.pdf http://www.fhfa.gov/webfiles/15466/HARPEXTENDED3110%5B1%5D.pdf http://www.fhfa.gov/webfiles/22721/HARP_release_102411_Final.pdf http://www.fhfa.gov/webfiles/23/FHFAStatement9708final.pdf http://www.fhfa.gov/webfiles/24365/2012DeMarcoNCSpeechFinal.pdf http://www.fhfa.gov/webfiles/24596/Aug-12%20Refi%20Report.pdf http://www.fhfa.gov/webfiles/267/SMPimplementation121808.pdf http://www.fhlbdm.com/community-investment/down-payment-assistance-programs/ http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf http://www.hud.gov/offices/cpd/affordablehousing/reports/open/ http://www.irs.gov/Charities-&-Non-Profits/Charitable-Organizations/Exemption-Requirements-Section-501 http://www.irs.gov/Charities-&-Non-Profits/Other-Non-Profits/Social-Welfare-Organizations http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/w11-2_pound.pdf http://www.mhp.net/homeownership/homebuyer/soft_second_works.php http://www.nyshcr.org/Programs/mitchell-lama/ http://www.regulations.gov http://www.sba.gov/content/table-small-business-size-standards http://www.treasury.gov/connect/blog/Pages/Expanding-our-efforts-to-help-more-homeowners-and-strengthen-hard-hit-communities.aspx http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/housing/Documents/HFA_Proposal_Guidelines_-_1st_Rd.pdf http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/housing/hhf/Pages/Archival-information.aspx http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/housing/hhf/Pages/default.aspx http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/housing/Pages/Program-Documents.aspx http://www.treasury.gov/press-center/press-releases/Pages/200934145912322.aspx https://entp.hud.gov/idapp/html/f17npdata.cfm www.financeauthority.org www.hud.gov/homeprogram www.lhfa.state.la.us www.makinghomeaffordable.gov www.masshousing.com Vol. 78, no. 20 Office of the Federal Register, National Archives and Records Administration 2013-01-30 continuing daily deposited born digital 541 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2013-01-30 P0b002ee183baec03 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr30ja13 https://www.govinfo.gov/app/details/FR-2013-01-30 https://www.govinfo.gov/content/pkg/FR-2013-01-30/pdf/FR-2013-01-30.pdf https://www.govinfo.gov/content/pkg/FR-2013-01-30/xml/FR-2013-01-30.xml fdlp 6195 6724 DGPO 2013-01-30 2024-06-03 FR-2013-01-30 machine generated eng FR FR-2013-01-30 78 20