CFPB updates Mortgage Rules Readiness Guide

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The CFPB has issued Version 2.0 of its “2013 CFPB Dodd-Frank Mortgage Rules Readiness Guide.” The Guide, originally issued in July 2013, is intended “to help financial institutions come into and maintain compliance with” the CFPB’s mortgage rules finalized in January 2013 and that take effect next month. According to the CFPB, it designed the Guide “for use by institutions of all sizes.”

The updated Guide reflects October 2013 amendments to the CFPB’s mortgage rules. The amendments were published in the Federal Register on October 23, 2013.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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