Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Final Rule
Amendments to Equal Credit Opportunity Act (Regulation B) Ethnicity and Race Information Collection
 
 
Document Citation:
82 FR 45680
Type:
Final Rule
Type Detail:
Final Rule
Publish Date:
Sep 20, 2017
Effective Date:
Jan 01, 2018
Source:
Source    Source
Document Citation:
82 FR 45680
Type:
Final Rule
Type Detail:
Final Rule
Publish Date:
Sep 20, 2017
Effective Date:
Jan 01, 2018
Source:
Source    Source
 

The Bureau of Consumer Financial Protection is issuing a final rule that amends Regulation B to permit creditors additional flexibility in complying with Regulation B in order to facilitate compliance with Regulation C, adds certain model forms and removes others from Regulation B, and makes various other amendments to Regulation B and its commentary to facilitate the collection and retention of information about the ethnicity, sex, and race of certain mortgage applicants.

The rule is effective on January 1, 2018, except that the amendment to Appendix B to Part 1002 revising paragraph 1 and removing the existing 'Uniform Residential Loan Application' form in amendatory instruction 6 is effective January 1, 2022.

Comments

comments powered by Disqus
Finance
Know all there is to know about the US Mortgage Industry. We help you to make a well informed decision.
Finance
Loan Products
Confused about the choosing right loan product for you? We help you decide the loan product that suits your needs best.
Loan Products
Documents
Here you will find all there is to know about the forms, papers & documents required for Home Loan Mortgage and much more.
Documents
Regulation
List of all the Regulations related to US Mortgage Industry.
Regulations