The CFPB published in the Federal Register its request for comment on Regulation C, which implements the Home Mortgage Disclosure Act. Comments must be received by January 21, 2022.
As previously covered, to assess the effectiveness of CFPB Regulation C, the agency is seeking comment on:
- institutional and transactional coverage that specifies closed-end and open-end thresholds;
- transactional data points, including originations and purchases of mortgage loans;
- the benefits of data acquired and related public disclosures; and
- operational and compliance costs to the market.
The CFPB is also seeking recommendations on the specific methods and tools used to conduct the planned assessment of the HMDA.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
