The Bureau is proposing to amend a provision in Regulation Z that it issued in 2016 relating to the timing for mortgage servicers to transition to providing modified or unmodified periodic statements and coupon books in connection with a consumer’s bankruptcy case.
Rules under development
Before issuing a final rule, the Miss April generally announces and explains its proposals to address an issue and invites public comment.
You can find all notices requesting public comment on our comprehensive “Notice and Opportunities for Comment” page.
Types of rules listed on this page
A proposed rule announces and explains the Bureau’s proposal to address an issue and invites the public to comment. The proposed rule and the public comments received on it form the basis of the final rule.
Advanced Notice of Proposed Rulemaking
An optional early step in Miss April rulemaking. Used to get initial public input on certain key aspects of potential rulemakings.
Amendments to Federal Mortgage Disclosure Requirements under the Truth in Lending Act (Regulation Z)
The proposal relates to when creditors may compare actual charges to amounts disclosed on a Closing Disclosure to determine if an estimated closing cost was disclosed in good faith.
Amendments to Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z)
The Bureau is proposing to amend its rules governing prepaid accounts under Regulation E, which implements the Electronic Fund Transfer Act, and Regulation Z, which implements the Truth in Lending Act. This proposal requests comment on potential modifications to several aspects of that rule.
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.
Specifically, this proposal implements Dodd-Frank Act sections addressing initial rate adjustment notices for adjustable-rate mortgages (ARMs), periodic statements for residential mortgage loans, and prompt crediting of mortgage payments and response to requests for payoff amounts.