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#1826908 - 06/24/13 09:58 PM Final - Final
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,590
On the Net
171 pages released today of proposed amendments focusing
primarily on clarifying, revising, or amending provisions on: (1) loss mitigation procedures
under Regulation X’s servicing provisions; (2) amounts counted as loan originator compensation
to retailers of manufactured homes and their employees for purposes of applying points and fees
thresholds under the Home Ownership and Equity Protection Act and the qualified mortgage
rules in Regulation Z; (3) exemptions available to creditors that operate predominantly in “rural
or underserved” areas for various purposes under the mortgage regulations; (4) application of the
loan originator compensation rules to bank tellers and similar staff; and (5) the prohibition on
creditor-financed credit insurance. The Bureau also is proposing to adjust the effective dates for
certain provisions of the loan originator compensation rules. In addition, the Bureau is proposing
technical and wording changes for clarification purposes to Regulations B, X, and Z.

http://files.consumerfinance.gov/f/201306_cfpb_proposed-modifications_mortgage-rules.pdf
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#1826927 - 06/24/13 10:54 PM Re: Final - Final Andy_Z
mtngrrl Offline
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mtngrrl
Joined: Mar 2011
Posts: 475
Northern California
Final unless and until they issue another final rule.
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#1827473 - 06/25/13 09:08 PM Re: Final - Final Andy_Z
ahkcompliance Offline
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Joined: Sep 2008
Posts: 2,471
Midwest
It's starting to get confusing what is a final rule, final-final rule, etc.

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#1827507 - 06/25/13 09:38 PM Re: Final - Final Andy_Z
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 80,341
Galveston, TX
I have a feeling that this is an opera in which the fat lady will never sing.
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#1827862 - 06/26/13 05:08 PM Re: Final - Final Andy_Z
John Burnett Offline
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John Burnett
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Cape Cod
In the words of the immortal Yogi Berra, "It ain't over 'til it's over."

And to quote my good friend Sam, "The final rule is whatever the latest version is."
Last edited by John Burnett; 06/26/13 05:08 PM.
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#1830843 - 07/08/13 04:33 PM Re: Final - Final John Burnett
ccman Offline
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Posts: 924
Written by lawyers, for lawyers and only lawyers!

Sequeal now has a new meaning!

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#1833707 - 07/17/13 05:45 PM Re: Final - Final Andy_Z
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
ARe you kidding me? I have to interpret this stuff FOR lawyers. crazy
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#1833737 - 07/17/13 06:30 PM Re: Final - Final RR Joker
edAudit Offline
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edAudit
Joined: Jul 2008
Posts: 4,783
You are here
Originally Posted By: RR Joker
ARe you kidding me? I have to interpret this stuff FOR lawyers. crazy


I do the same even when I was an Assistant Manager.

One thing I have learned it that even when you prove the lawyers wrong they will come up with some document that is an exception that is not material to to the discussion that show that they are in their opinion correct (even when it clearly shows that they are wrong).
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#1848443 - 09/04/13 12:34 PM Re: Final - Final Andy_Z
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
Been down that road, Ed...it can be exasperating for sure!
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My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#1852333 - 09/16/13 03:14 PM Re: Final - Final RR Joker
ccman Offline
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Joined: Sep 2007
Posts: 924
The courtroom is always full of compliance officers? Why do you think the guys left the bureau?

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