The Consumer Financial Protection Bureau (CFPB) has published three Small Entity Compliance Guides for the 2013 HOEPA Rule, the ECOA Valuations Rule, and the TILA Higher Priced Mortgage Loans (HPML) Appraisal Rule.
- Guide for the 2013 HOEPA Rule
- Guide for the ECOA Valuations Rule
- Guide for the TILA HPML Appraisal Rule
The CFPB’s goal with the guides is to provide an overview of the rules in a plain language and FAQ format which makes the content more accessible and consumable for a broad array of industry constituents, especially smaller businesses with limited legal and compliance staff.
The CFPB emphasizes that the guides give an overview of the rules and that they are not substitutes for the underlying rules.