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federal_register: 2013-01809

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2013-01809 Appraisals for Higher-Priced Mortgage Loans Rule The Board, Bureau, FDIC, FHFA, NCUA, and OCC (collectively, the Agencies) are issuing a final rule to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the official interpretation to the regulation. The revisions to Regulation Z implement a new provision requiring appraisals for "higher-risk mortgages" that was added to TILA by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act or Act). For mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, the final rule requires creditors to obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used. 2013-02-13 2013 2 https://www.federalregister.gov/documents/2013/02/13/2013-01809/appraisals-for-higher-priced-mortgage-loans https://www.govinfo.gov/content/pkg/FR-2013-02-13/pdf/2013-01809.pdf Treasury Department; Comptroller of the Currency; Federal Reserve System; National Credit Union Administration; Consumer Financial Protection Bureau; Federal Housing Finance Agency 497,80,188,335,573,174 The Board, Bureau, FDIC, FHFA, NCUA, and OCC (collectively, the Agencies) are issuing a final rule to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the official interpretation to the regulation. The revisions to Regulation Z...  

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