Alternative Mortgage Transaction Parity (Regulation D) (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition‪)‬

The Law Library presents the complete text of the Alternative Mortgage Transaction Parity (Regulation D) (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition).
Updated as of May 29, 2018

The Bureau of Consumer Financial Protection (CFPB) is publishing for public comment an interim final rule establishing Regulation D (Alternative Mortgage Transaction Parity) pursuant to the Alternative Mortgage Transaction Parity Act (AMTPA) and the Truth in Lending Act. The interim final rule is necessary to avoid a regulatory gap created by the amendments to AMTPA in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Without an interim final rule that takes immediate effect, state housing creditors would no longer be able to make variable rate mortgage loans and other alternative mortgage transactions pursuant to AMTPA in states that prohibit such transactions, thus denying consumers access to that form of credit. Until July 22, 2012, the interim final rule applies only to state housing creditors seeking to invoke federal preemption of state law under AMTPA. The interim final rule will be in place as a temporary measure pending the CFPB's completion of a notice-and-comment rulemaking to promulgate permanent rules, including rules governing alternative mortgage transactions made by federally chartered housing creditors. The CFPB seeks public comment in anticipation of that process.

This ebook contains:
- The complete text of the Alternative Mortgage Transaction Parity (Regulation D) (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure