The Law Library presents the complete text of the High-Cost Mortgage and Homeownership Counseling Amendments to Truth in Lending Act, etc. (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition).
Updated as of May 29, 2018
The Bureau of Consumer Financial Protection (Bureau) issues this final rule to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act’s amendments to the Truth in Lending Act and the Real Estate Settlement Procedures Act. The final rule amends Regulation Z (Truth in Lending) by expanding the types of mortgage loans that are subject to the protections of the Home Ownership and Equity Protections Act of 1994 (HOEPA), revising and expanding the tests for coverage under HOEPA, and imposing additional restrictions on mortgages that are covered by HOEPA, including a pre-loan counseling requirement. The final rule also amends Regulation Z and Regulation X (Real Estate Settlement Procedures Act) by imposing certain other requirements related to homeownership counseling, including a requirement that consumers receive information about homeownership counseling providers.
This ebook contains:
– The complete text of the High-Cost Mortgage and Homeownership Counseling Amendments to Truth in Lending Act, etc. (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)
– A dynamic table of content linking to each section
– A table of contents in introduction presenting a general overview of the structure