Credit Union Compliance for CFPB Mortgage Rules

Get the information you need to prepare your credit union for the CFPB's new mortgage rules. Organized by category, below you'll find resources available through NAFCU such as links to summaries of the final rules, insightful blog posts, articles and webcasts, to help you get up-to-speed.

NEW: Consolidated Regulatory Text gives you all of the additions and amendments for all CFPB final mortgage rules by category.

Resource Types:

NAFCU Final Rule SummariesFinal Rule Summaries*
Regulatory AlertRegulatory Alert*
NAFCU Consolidated Regulatory Text DocumentsConsolidated Rule Text*
Scope & Applicability ChartScope & Applicability Charts*
Download all charts now.
NAFCU Compliance ArticleNAFCU Compliance Article*
NAFCU Compliance BlogNAFCU Compliance Blog
NAFCU WebcastWebcast
NAFCU Conference sessionConference session

*Member-only resources.


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TILA/RESPA Integrated Mortgage Disclosures 

Compliance Deadline: August 1, 2015

Read NCUA Chairman Matz's response to NAFCU President and CEO Dan Berger's Letter Seeking Good Faith for TILA/RESPA Compliance (March 26, 2015).

VIDEO UPDATE (August 19, 2014)
 

NAFCU Conslidated Regulatory Text Documents

Consolidated Regulatory Text
All rule additions and amendments in one document, as the final rule will appear in August 2015.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary
Scope & Applicability Chart

Scope & Applicability Chart: TILA/RESPA Disclosures

NAFCU Webcast

TILA/RESPA Integrated Disclosure "Bootcamp" Series
15 online video training modules that walk you line-by-line through the TILA/RESPA regulatory requirements so you can confidently comply by the August 1, 2015 deadline.

NAFCU Webcast

TILA/RESPA: Difficult Issues and Their Solution
On-Demand Webcast Available Until October 1, 2015

NAFCU Webcast

The 7th Rule: Unintended Consequences of the New, "Simplified" Mortgage Disclosures
On-Demand Webcast Available Until July 9, 2015

NAFCU Compliance Blog

TILA/RESPA Integrated Mortgage Disclosures blog posts

NAFCU Compliance Article

"TILA/RESPA Implementation: NAFCU's Resource Round-Up"

NAFCU Compliance Article

"TILA/RESPA Integrated Disclosures—Post-Consummation Notices"

NAFCU Compliance Article

"Requirements for Providing Corrected Closing Disclosures Under the TILA/RESPA Integrated Mortgage Disclosures Rule"

NAFCU Compliance Article

"Loan Estimates - Revisions and Corrections Under TILA/RESPA Integrated Mortgage Disclosure Rule"

NAFCU Compliance Article

"Using Average Charges Over Actual Amount Received on the TILA/RESPA Closing Disclosure"

NAFCU Compliance Article

"Delving into the Closing Disclosure: Requirements, Timing, Delivery and More"

NAFCU Compliance Article

"A Deep Dive into the Loan Estimate Disclosure: Requirements, Timing and Tolerances"

NAFCU Compliance Article

"TILA/RESPA Integrated Mortgage Disclosure Rule: Overview"

 

Appraisal Disclosures & Delivery 

Compliance Deadline: January 18, 2014

NAFCU Conslidated Regulatory Text Documents

Consolidated Regulatory Text
All rule additions and amendments in one document, as the final rule appeared in January.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary: Free Access to Appraisals

NAFCU Final Rule Summaries

NAFCU Final Rule Summary: High Risk Mortgage Appraisals
Scope & Applicability Chart

Scope & Applicability Chart: Regulation B Appraisal Disclosure Requirements

Scope & Applicability Chart

Scope & Applicability Chart: Appraisal Disclosure Requirements for Higher-Priced Mortgage Loans

Scope & Applicability Chart

Scope & Applicability Chart: Appraisal Requirements for Higher-Priced Mortgage Loans

NAFCU Compliance Blog

Appraisal Disclosures & Delivery blog posts

NAFCU Compliance Article

"New Appraisal Disclosure Requirements: Regulation B and Higher-Priced Mortgage Loans"

 

Qualified Mortgages/Ability-to-Repay 

Compliance Deadline: January 10, 2014

NAFCU Conslidated Regulatory Text Documents

Consolidated Regulatory Text
All rule additions and amendments in one document, as the final rule appeared in January.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary

NAFCU Final Rule Summaries

NAFCU Final Rule Summary - Clarification on Final Rules

NAFCU Final Rule Summaries

NAFCU Final Rule Summary - Amendments to Regulation X, Regulation Z and Regulation B

NAFCU Final Rule Summaries

NAFCU Final Rule Summary - Amendments to Truth in Lending Act (Reg Z)
Scope & Applicability Chart

Scope & Applicability Chart: Ability-to-Repay Requirements and Qualified Mortgage Standards

NAFCU Compliance Blog

Qualified Mortgages/Ability-to-Repay blog posts

NAFCU Compliance Article

"NCUA Supervisory Focus for 2014 – Risk Management and New Regulations"

NAFCU Compliance Article

"Understanding the Qualified Mortgage Quagmire"

NAFCU Compliance Article

"Small Creditor Portfolio Exemption for QMs Explained"

NAFCU Conference session

NAFCU 2013 Regulatory Compliance Seminar Online | Presented Live October 22 – 25, 2013
This conference covered the latest challenges and changes in credit union rules and regulations, including updates on the full scope of the CFPB's new mortgage requirements. (On-demand courses available for purchase).

 

Mortgage Servicing 

Compliance Deadline: January 10, 2014

Regulatory Alert

Regulatory Alert - CFPB Amendments to Mortgage Servicing under TILA/RESPA

NAFCU Conslidated Regulatory Text Documents

Consolidated Regulatory Text
All rule additions and amendments in one document, as the final rule appeared in January.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary

NAFCU Final Rule Summaries

NAFCU Final Rule Summary - Clarification on Final Rules

NAFCU Final Rule Summaries

NAFCU Final Rule Summary - Amendments to Regulation X, Regulation Z and Regulation B
NAFCU Webcast

CFPB's Proposed Changes to Mortgage Servicing Rules
On-demand webcast available until April 28, 2016

Scope & Applicability Chart

Scope & Applicability Chart: Regulation Z (TILA) Mortgage Servicing Requirements

Scope & Applicability Chart

Scope & Applicability Chart: Regulation X (RESPA) Mortgage Servicing Requirements

NAFCU Compliance Blog

Mortgage Servicing blog posts

NAFCU Compliance Article

"Understanding the Small Servicer Exemptions"

NAFCU Compliance Article

"Mortgage Servicing: Error Resolution and Information Request Procedures"

NAFCU Conference session

NAFCU 2013 Regulatory Compliance Seminar Online | Presented Live October 22 – 25, 2013
This conference covered the latest challenges and changes in credit union rules and regulations, including updates on the full scope of the CFPB's new mortgage requirements. (On-demand courses available for purchase).

 

Loan Originator Compensation & Qualifications 

Compliance Deadline: January 10, 2014
(Except prohibition on mandatory arbitration deadline of June 1, 2013)

NAFCU Conslidated Regulatory Text Documents

Consolidated Regulatory Text
All rule additions and amendments in one document, as the final rule appeared in January.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary

NAFCU Final Rule Summaries

NAFCU Final Rule Summary - Amendments to Regulation X, Regulation Z and Regulation B
Scope & Applicability Chart

Scope & Applicability Chart: Loan Originator Compensation, Qualifications, Training and Disclosure Requirements

NAFCU Compliance Blog

Loan Originator Compensation & Qualifications blog posts

NAFCU Compliance Article

"Mortgage Loan Originator Requirements for Qualification and Screening, Training and Disclosures"

 

HOEPA/High-Cost Mortgage Loans 

Compliance Deadline: January 10, 2014

NAFCU Conslidated Regulatory Text Documents

Consolidated Regulatory Text
All rule additions and amendments in one document, as the final rule appeared in January.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary
Scope & Applicability Chart

Scope & Applicability Chart: New Requirements for High-Cost Mortgages

Scope & Applicability Chart

Scope & Applicability Chart: New Homeownership Counseling Disclosure Requirement

NAFCU Compliance Blog

HOEPA/High-Cost Mortgage Loans blog posts

NAFCU Compliance Article

"New Homeownership Counseling Disclosure Requirement"

 

Escrow Requirements 

Compliance Deadline: June 1, 2013

NAFCU Conslidated Regulatory Text Documents

Consolidated Regulatory Text
All rule additions and amendments in one document, as the final rule appeared in January.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary

NAFCU Final Rule Summaries

NAFCU Final Rule Summary - Clarification on Final Rules

NAFCU Final Rule Summaries

NAFCU Final Rule Summary - Amendments to Regulation X, Regulation Z and Regulation B
Scope & Applicability Chart

Scope & Applicability Chart: New Escrow Requirements for Higher-Priced Mortgage Loans

NAFCU Compliance Blog

Escrow Requirements blog posts

NAFCU Compliance Article

"Escrow Requirements for Higher-Priced Mortgage Loans"