2013 Mortgage Rules Compliance

Get information on the CFPB's 2013 mortgage rules that largely became effective in January 2014. 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 on the 2013 rules. Visit our 2016 Mortgage Servicing Rules & TRID Compliance resources page for recent mortgage rulemakings, proposals and information.

Resource Types:

NAFCU Final Rule SummariesFinal Rule Summaries*
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 Post
 

*Member-only resources.


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Mortgage Servicing

Compliance Deadline: January 10, 2014

**Visit our 2016 Mortgage Servicing Rules & TRID Compliance resources page for recent updates and information.**

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: 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"*

 

TILA/RESPA Integrated Mortgage Disclosures (TRID)

Compliance Deadline: October 3, 2015

**Visit our2016 Mortgage Servicing Rules & TRID Compliance resources page for recent updates and information.**

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).

NAFCU Conslidated Regulatory Text Documents

Consolidated Regulatory Text* (November 2013)
All rule additions and amendments in one document, as the final rule appeared in October 2015.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary of TRID Delay* (July 2015)
Summary of final rule issued delaying the TRID implementation date from August 1, 2015 to October 3, 2015.

NAFCU Final Rule Summaries

NAFCU Final Rule Summary* (November 2013)
Summary and analysis of final TRID rule issued in November 2013.
Scope & Applicability Chart

Scope & Applicability Chart: TILA/RESPA Disclosures* (2013)

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 - 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"*

 

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"*