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Comments due: CFPB (proposed rule; higher-priced mortgage loan escrow exemption)

September 21

The Consumer Financial Protection Bureau (CFPB) is proposing to amend Regulation Z, which implements the Truth in Lending Act, as mandated by section 108 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The amendments would exempt certain insured depository institutions and insured credit unions from the requirement to establish escrow accounts for certain higher-priced mortgage loans.

Reg lookup: Higher-Priced Mortgage Loan Escrow Exemption (Regulation Z)

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Date:
September 21
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