The CFPB launched a new Web page in June, consolidating all of its 2013 mortgage rules and guidance materials.
►Mortgage rules at a glance;
►Small entity compliance guides;
►Quick reference charts; and
►List of rural or underserved counties.
The agency’s goal is to “provide access to its mortgage-related implementation resources though a single page that makes the rule content more accessible for a broad array of industry constituents, especially smaller businesses with limited legal and compliance staff.”
Although these implementation materials give an overview of the requirements, the agency cautions that they are not substitutes for the underlying rules.