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6500 - Consumer Financial Protection Bureau
CONSUMER FINANCIAL PROTECTION BUREAU
______________
TABLE OF CONTENTS
CONSUMER FINANCIAL PROTECTION BUREAU
Section
PageEqual Opportunity Act (Regulation B)
1002.1 Authority, scope and purpose
1002.2 Definitions
1002.3 Limited exceptions for certain classes of transactions
1002.4 General rules
1002.5 Rules concerning requests for information
1002.6 Rules concerning evaluation of applications
1002.7 Rules concerning extensions of credit
1002.8 Special purpose credit programs
1002.9 Notifications
1002.10 Furnishing of credit information
1002.11 Relation to state law
1002.12 Record retention
1002.13 Information for monitoring purposes
1002.14 Rules on providing appraisals and other valuations
1002.15 Incentives for self-testing and self-correction
1002.16 Enforcement, penalties and liabilities
Appendix A—Federal Agencies To Be Listed in Adverse Action Notices
Appendix B—Model Application Forms
Appendix C—Sample Notification Forms
Appendix D—Issuance of Official Interpretations
Supplement I—Official Interpretations
1003 Home Mortgage Disclosure (Regulation C)
1003.1
Authority, purpose, and scope
1003.2
Definitions
1003.3
Exempt institutions
1003.4
Compilation of loan data
1003.5
Disclosure and reporting
1003.6
Enforcement
Appendix
A—[Reserved]
Appendix B—Form
and Instructions for Data Collection on Ethnicity, Race, and Sex
Appendix
C—Procedures for Generating a Check Digit and Validating a ULI
Supplement
I—Staff Commentary
Electronic Fund Transfers (Regulation E)
Subpart A—General
1005.1
Authority and purpose
1005.2
Definitions
1005.3
Coverage
1005.4
General disclosure requirements; jointly offered services
1005.5
Issuance of access devices
1005.6
Liability of consumer for unauthorized transfers
1005.7
Initial disclosures
1005.8
Change in terms notice; error resolution notice
1005.9
Receipts at electronic terminals; periodic statements
1005.10
Preauthorized transfers
1005.11
Procedures for resolving errors
1005.12
Relation to other laws
1005.13
Administrative enforcement; record retention
1005.14
Electronic fund transfer service provider not holding consumer's
account
1005.15
Electronic fund transfer of government benefits
1005.16
Disclosures at automated teller machines
1005.17
Requirements for overdraft services
1005.18
Requirements for financial institutions offering payroll card
accounts
1005.19
Internet posting of prepaid account agreements
1005.20
Requirements for gift cards and gift certificates
Subpart B—Requirements for Remittance Transfers
1005.30
Remittance transfer definitions
1005.31
Disclosures
1005.32
Estimates
1005.33
Procedures for resolving errors
1005.34
Procedures for cancellation and refund of remittance transfers
1005.35
Acts of agents
1005.36
Transfers scheduled in advance
Appendix A—Model
Disclosure Clauses and Forms Appendix B [Reserved]
Appendix
C—Issuance of Official Interpretations
Supplement I to
Part 1005—Official Interpretations
Fair Debt Collection Practices Act (Regulation F)
1006.1
Purpose and definitions
1006.2
Application
1006.3
Supporting documents
1006.4
Criteria for determination
1006.5
Public notice of filing
1006.6
Exemption from requirements
1006.7
Adverse determination
1006.8
Revocation of exemption
S.A.F.E. Mortgage Licensing Act—State Compliance and Bureau Registration System (Regulation H)
Subpart A—General
Subpart B-Determination of State Compliance With the S.A.F.E. Act
1008.101
Scope of this subpart
1008.103
Individuals required to be licensed by states
1008.105
Minimum loan originator license requirements
1008.107
Minimum annual license renewal requirements
1008.109
Effective date of state requirements imposed on individuals
1008.111
Other minimum requirements for state licensing systems
1008.113
Performance standards
1008.115
Determination of noncompliance
Subpart C—The Bureau's Loan Originator Licensing System and Nationwide Mortgage Licensing and Registry System
1008.201
Scope of this subpart
1008.203
The Bureau's establishment of loan originator licensing system
1008.205
The Bureau's establishment of nationwide mortgage licensing system and
registry
Subpart D—Minimum Requirements for Administration of the NMLSR
1008.301
Scope of this subpart
1008.303
Financial reporting
1008.305
Data security
1008.307
Fees
1008.309
Absence of liability for good-faith administration
1008.401
The Bureau's authority to examine loan originator records
Appendix
A—Examples of Mortgage Loan Originator Activities
Appendix
B—Engaging in the Business of a Loan Originator: Commercial Context
and Habitualness
Appendix
C—Independent Contractors and Loan Processor and Underwriter
Activities That Require a State Mortgage Loan Originator License
Appendix
D—Attorneys: Circumstances That Require a State Mortgage Loan
Originator License
Consumer Leasing (Regulation M)
1013.1
Authority, scope, purpose, and enforcement
1013.2
Definitions
1013.3
General disclosure requirements
1013.4
Content of disclosures
1013.5
Renegotiations, extensions, and assumptions 1013.6
1013.7
Advertising
1013.8
Record retention
1013.9
Relation to state laws
Appendix A—Model
Forms Appendix B [Reserved]
Appendix
C—Issuance of Official Interpretations
Supplement
I—Official Interpretations
1016 Privacy of Consumer Financial Information (Regulation P)
Subpart A—Privacy and Opt Out Notices
1016.4
Initial privacy notice to consumers required
1016.5
Annual privacy notice to customers required
1016.6
Information to be included in privacy notices
1016.7
Form of opt out notice to consumers; opt out methods
1016.8
Revised privacy notices
1016.9
Delivering privacy and opt out notices
Subpart B—Limits on Disclosures
1016.10
Limits on disclosure of nonpublic personal information to nonaffiliated
third parties
1016.11
Limits on redisclosure and reuse of information
1016.12
Limits on sharing account number information for marketing
purposes
Subpart C—Exceptions
1016.13
Exception to opt out requirements for service providers and joint
marketing
1016.14
Exceptions to notice and opt out requirements for processing and
servicing transactions
1016.15
Other exceptions to notice and opt out requirements
Subpart D—Relation to Other Laws
1016.16
Protection of Fair Credit Reporting Act
1016.17
Relation to state laws
Appendix—Model
Privacy Form
Fair Credit Reporting (Regulation V)
Subpart A—General Provisions
Subpart B [Reserved]
Subpart C—Affiliate Marketing
1022.20
Coverage and definitions
1022.21
Affiliate marketing opt-out and exceptions
1022.22
Scope and duration of opt-out
1022.23
Contents of opt-out notice; consolidated and equivalent notices
1022.24
Reasonable opportunity to opt out
1022.25
Reasonable and simple methods of opting out
1022.26
Delivery of opt-out notices
1022.27
Renewal of opt-out
Subpart D—Medical Information
1022.30
Obtaining or using medical information in connection with a
determination of eligibility for credit
1022.31
Limits on redisclosure of information
1022.32
Sharing medical information with affiliates
Subpart E—Duties of Furnishers of Information
1022.40
Scope
1022.41
Definitions
1022.42
Reasonable policies and procedures concerning the accuracy and
integrity of furnished Information
1022.43
Direct disputes
Subpart F—Duties of Users Regarding Obtaining and Using Consumer Reports
1022.50–1022.53 [Reserved]
1022.54
Duties of users making written firm offers of credit or insurance based
on information contained in consumer files
1022.55–1022.59 [Reserved]
Subpart G [Reserved]
Subpart H—Duties of Users Regarding Risk-Based Pricing
1022.70 Scope
1022.71 Definitions
1022.72 General requirements for risk-based pricing notices
1022.73 Content, form, and timing of risk-based pricing notices
1022.74 Exceptions
1022.75 Rules of construction
Subpart I—Duties of Users of Consumer Reports Regarding Identity Theft
1022.80--1022.81[Reserved]
1022.82
Duties of users regarding address discrepancies
Subparts J—L [Reserved]
Subpart M—Duties of Consumer Reporting Agencies Regarding Identity Theft
1022.120 [Reserved]
1022.121
Active duty alerts
1022.122 [Reserved]
1022.123
Appropriate proof of identity
1022.124--1022.129 [Reserved]
Subpart N—Duties of Consumer Reporting Agencies Regarding Disclosures to Consumers
1022.130
Definitions
1022.131--1022.135 [Reserved]
1022.136
Centralized source for requesting annual file disclosures from
nationwide consumer reporting agencies
1022.137
Streamlined process for requesting annual file disclosures from
nationwide specialty consumer reporting agencies
1022.138
Prevention of deceptive marketing of free credit reports
1022.139 [Reserved]
Subpart O—Miscellaneous Duties of Consumer Reporting Agencies
1022.140
Prohibition against circumventing or evading treatment as a consumer
reporting agency
1022.141
Reasonable charges for certain disclosures
Appendix A [Reserved]
Appendix B—Model
Notices of Furnishing Negative Information
Appendix C—Model
Forms for Opt-Out Notices
Appendix D—Model
Forms for Firm Offers of Credit or Insurance
Appendix
E—Interagency Guidelines Concerning the Accuracy and Integrity of
Information Furnished to Consumer Reporting Agencies
Appendices F-G [Reserved]
Appendix
H—Appendix H—Model Forms for Risk-Based Pricing and Credit Score
Disclosure Exception Notices
Appendix
I—Summary of Consumer Identity Theft Rights
Appendix J [Reserved]
Appendix
K—Summary of Consumer Rights
Appendix
L—Standardized Form for Requesting Annual File Disclosures
Appendix M—Notice
of Furnisher Responsibilities
Appendix N—Notice
of User Responsibilities
Appendix
O—Reasonable Charges for Certain Disclosures
REAL ESTATE SETTLEMENT PROCEDURES ACT (REGULATION X)
1024.1
Designation
1024.2
Definitions
1024.3
Questions or suggestions from public and copies of public guidance
documents
1024.4
Reliance upon rule, regulation or interpretation by the Bureau
1024.5
Coverage of RESPA
1024.6
Special information booklet at time of loan application
1024.7
Good faith estimate
1024.8
Use of HUD-1 or HUD-1A settlement statements
1024.9
Reproduction of settlement statements
1024.10
One-day advance inspection of HUD-1 or HUD-1A settlement statement;
delivery; recordkeeping
1024.11
Mailing
1024.12
No fee
1024.13 [Reserved]
1024.14
Prohibition against kickbacks and unearned fees
1024.15
Affiliated business arrangements
1024.16
Title companies
1024.17
Escrow accounts
1024.18 [Reserved]
1024.19 [Reserved]
1024.20
List of ownership counseling organizations
1024.30
Scope
1024.31
Definitions
1024.32
General disclosure requirements
1024.33
Mortgage servicing transfers
1024.34
Timely escrow payments and treatment of escrow account balances
1024.35
Error resolution procedures
1024.36
Requests for Information
1024.37
Force-placed insurance
1024.38
General servicing policies, procedures, and requirements
1024.39
Early intervention requirements for certain borrowers
1024.40
Continuity of contact
1024.41
Loss mitigation procedures
Appendix
A—Instructions for Completing HUD-1 and HUD-1a Settlement Statements;
Sample HUD-1 and HUD-1a Statements
Appendix
B—Illustrations of Requirements of RESPA
Appendix
C—Instructions for Completing Good Faith Estimate (GFE) Form
Appendix
D—Affiliated Business Arrangement Disclosure Statement Format
Notice
Appendix
E—Arithmetic Steps
Appendix
MS-1
Appendix
MS-2
Appendix
MS-3
Appendix
MS-4
Supplement
I
1026 Truth in Lending (Regulation Z)
Subpart A—General
1026.1
Authority, purpose, coverage, organization, enforcement, and
liability
1026.2
Definitions and rules of construction
1026.3
Exempt transactions
1026.4
Finance charge
Subpart B—Open-End Credit
1026.5
General disclosure requirements
1026.6
Account-opening disclosures
1026.7
Periodic statement
1026.8
Identifying transactions on periodic statements
1026.9
Subsequent disclosure requirements
1026.10
Payments
1026.11
Treatment of credit balances; account termination
1026.12
Special credit card provisions
1026.13
Billing error resolution
1026.14
Determination of annual percentage rate
1026.15
Right of rescission
1026.16
Advertising
Subpart C—Closed-End Credit
1026.17
General disclosure requirements
1026.18
Content of disclosures
1026.19
Certain mortgage and variable-rate transactions
1026.20
Disclosure requirements regarding post-consummation events
1026.21
Treatment of credit balances
1026.22
Determination of annual percentage rate
1026.23
Right of rescission
1026.24
Advertising
Subpart D—Miscellaneous
1026.25
Record retention
1026.26
Use of annual percentage rate in oral disclosures
1026.27
Language of disclosures
1026.28
Effect on state laws
1026.29
State exemptions
1026.30
Limitation on rates
Subpart E—Special Rules for Certain Home Mortgage Transactions
1026.31
General rules
1026.32
Requirements for certain high cost mortgages
1026.33
Requirements for reverse mortgages
1026.34
Prohibited acts or practices in connection with high-cost
Mortgages
1026.35
Prohibited acts or practices in connection with higher-priced mortgage
loans
1026.36
Prohibited acts or practices and certain requirements for credit
secured by a dwelling
1026.37
Content of disclosures for certain mortgage transactions (Loan
Estimates)
1026.38
Content of disclosures for certain mortgage transaction (Closing
Disclosure)
1026.39
Mortgage transfer disclosures
1026.40
Requirements for home equity plans
1026.41
Periodic statements for residential mortgage loans
1026.42
Valuation independence
1026.43
Minimum standards for transactions secured by a dwelling
1026.44--1026.45 [Reserved]
Subpart F—Special Rules for Private Education Loans
1026.46
Special disclosure requirements for private education loans
1026.47
Content of disclosures
1026.48
Limitations on private education loans
Subpart G—Special Rules Applicable to Credit Card Accounts and Open-End Credit Offered to College Students
1026.51
Ability to Pay
1026.52
Limitations on fees
1026.53
Allocation of payments
1026.54
Limitations on the imposition of finance charges
1026.55
Limitations on increasing annual percentage rates, fees, and
charges
1026.56
Requirements for over-the-limit transactions
1026.57
Reporting and marketing rules for college student open-end credit
1026.58
Internet posting of credit card agreements
1026.59
Reevaluation of rate increases
1026.60
Credit and charge card applications and solicitations
Appendix A—Effect
on State Laws
Appendix B—State
Exemptions
Appendix
C—Issuance of Official Interpretations
Appendix
D—Multiple Advance Construction Loans
Appendix E—Rules
for Card Issuers That Bill on a Transaction-byTransaction
Basis
Appendix
F—Optional Annual Percentage Rate Computations for Creditors Offering
Open-End Credit Plans Secured by a Consumer's Dwelling
Appendix
G—Open-End Model Forms and Clauses
Appendix
H—Closed-End Model Forms and Clauses
Appendix I--[Reserved]
Appendix J—Annual
Percentage Rate Computations for Closed-End Credit Transactions
Appendix K—Total
Annual Loan Cost Rate Computations for Reverse Mortgage
Transactions
Appendix
L—Assumed Loan Periods for Computations of Total Annual Loan Cost
Rates
Appendix
M1—Repayment Disclosures
Appendix
M2—Sample Calculations of Repayment Disclosures
Appendix
N—Higher-Priced Mortgage Loan Appraisal Safe Harbor Review
Appendix
O—Illustrative Written Source Documents for Higher-Priced Mortgage
Loan Appraisal Rules
Appendix P [Reserved]
Appendix
Q—Standards for Determining Monthly Debt and Income
Supplement
I—Official Interpretations
1030 Truth in Savings (Regulation DD)
1030.1
Authority, purpose, coverage, and effect on state laws
1030.2
Definitions
1030.3
General disclosure requirements
1030.4
Account disclosures
1030.5
Subsequent disclosures
1030.6
Periodic statement disclosures
1030.7
Payment of interest
1030.8
Advertising
1030.9
Enforcement and record retention
1030.10 [Reserved]
1030.11
Additional disclosure requirements for overdraft services
Appendix A—Annual
Percentage Yield Calculation
Appendix B—Model
Clauses and Sample Forms
Appendix C—Effect
on State Laws
Appendix
D—Issuance of Official Interpretations
Supplement
I—Official Interpretations