Contact: Edmund D. Harllee; Williams Mullen (North Carolina & Virginia, USA)
On July 2, 2013, the Consumer Financial Protection Bureau (the “Bureau”) published proposed rules and a request for public comment in the Federal Registerto amend certain of its final mortgage rules contained in Regulation X (Real Estate Settlement Procedures) and Regulation Z (Truth in Lending), and to make certain technical corrections to these rules and to Regulation B (Equal Credit Opportunity). See this publication on July 10, 2013. The above final rules were published in theFederal Register at various times during the months of January and February of this year.
On Tuesday, October 1, 2013, the Board issued its final rules to amend the mortgage provisions referenced above, and to make certain technical and wording changes to the above regulations.
