Finance & markets · 17/07/2014
Bureau Clarifies Ability-to-Repay Rule for Successors-in-Interest
The Bureau of Consumer Financial Protection is issuing an interpretive rule to clarify how its Ability-to-Repay Rule applies to situations involving successors-in-interest, incorporating the existing definition of 'assumption' under Regulation Z.
Original source language: Federal Register — Consumer Financial Protection BureauOpen original release →