Unofficial Redline Of The 2019 Final Rule Amendments To Regulation C.pdf

cfpb_hmda_unofficial-redline-2019-final-rule.pdf
Preview of Unofficial redline of the 2019 Final Rule amendments to Regulation C
🔗 Source: files.consumerfinance.gov
📊 Size: 288 KB
👤 Author: Consumer Financial Protection Bureau
⬇️ Downloads: 95

Summary

The Consumer Financial Protection Bureau issued a final rule on October 10, 2019, to adjust Regulation C's institutional and transactional coverage threshold for open-end lines of credit and implement partial exemptions from the Home Mortgage Disclosure Act. The rule has two effective dates: January 1, 2020, and January 1, 2022. The unofficial redline highlights changes to Regulation C, with marked text indicating changes taking effect on both dates. The rule exempts certain financial institutions and transactions from reporting requirements, including those originating fewer than 500 closed-end mortgage loans or 500 open-end lines of credit in each of the two preceding calendar years.

Description

The Consumer Financial Protection Bureau issued a final rule on October 10, 2019, to adjust Regulation C's institutional and transactional coverage threshold...

Technical Information

  • File Format: PDF
  • File Size: 288 KB
  • Pages: 24
  • Language: EN
  • Author: Consumer Financial Protection Bureau
  • Total Downloads: 95
  • Last Updated: 3 weeks ago

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