updated 06/18/13 08:46 AM
CFPB CREATES REG IMPLEMENTATION PAGE
Mortgage-Related Resources Provided
The Consumer Financial Protection Bureau (CFPB) has launched a new Regulatory Implementation Page, which consolidates the bureau's new 2013 mortgage rules and related implementation materials.
This effort will "support rule implementation and ensure the industry is ready to comply with the new borrower protections," the agency stated in a message to financial institutions.
Click here to view the CFPB's Regulatory Implementation Page.
The new page is "the central access point for our mortgage-related implementation materials," the agency said, including:
  • Mortgage rules at a glance
  • Small entity compliance guides
  • Videos
  • Quick reference charts
  • 2013 rural or underserved counties list
  • Other helpful materials
"Our goal with this page is to provide access to our mortgage-related implementation resources though a single web page that makes the rule content more accessible for a broad array of industry constituents, especially smaller businesses with limited legal and compliance staff," the bureau stated.
Although these implementation materials give an overview of the rules, they are not substitutes for the underlying rules.
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