CFPB Issues Annual Notice of Asset-Size Exemption Thresholds for Regulations C and Z
The CFPB has announced the asset-size exemption thresholds for depository institutions under Regulation C and for creditors under the escrow requirements and small-creditor portfolio and balloon-payment qualified mortgage requirements, and the prohibition against balloon-payment high-cost mortgages under Regulation Z. These thresholds are effective Jan. 1, 2017. You can access the notices at: Regulation C Regulation Z
CFPB Publishes 2017 List of Rural or Underserved Counties
The Consumer Financial Protection Bureau has published on its website a list of counties determined to be “rural” and a list of counties determined to be “rural or underserved” during 2016 for purposes of applying certain regulatory provisions related to mortgage loans during 2017 (2017 lists). Rural counties are generally defined by using the USDA Economic […]