Equal Credit Opportunity Act (Regulation B)

Docket ID: CFPB-2012-0032
Agency: Consumer Financial Protection Bureau (CFPB)
On January 18, 2013, the CFPB issued a final rule (published in the Federal Register on January 31, 2013) amending Regulation B, which implements the Equal Credit Opportunity Act (ECOA), and the official interpretation to the regulation, which interprets the requirements of Regulation B. The revisions to Regulation B implement an ECOA amendment concerning appraisals that was enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In general, the revisions to Regulation B require creditors to provide free copies of all written appraisals and valuations developed in connection with an application for a loan to be secured by a first lien on a dwelling. The revisions also require creditors to notify applicants in writing of the right to receive a copy of each written appraisal or valuation at no additional cost.
RIN: 3170-AA26
Impacts and Effects: None
CFR Citation: 12 CFR 1002.14
Priority: Substantive, Nonsignificant
UA and Regulatory Plan Information open glossary dialog  
Publication Period: Spring 2013
Agenda Stage of Rulemaking: Completed Action
Major Rule: No
Legal Authorities: 15 USC 1691(e)
Government Levels Affected: No
Federalism Implications: No
Unfunded Mandates: No
Requires Regulatory Flexibility Analysis: No
Small Entities Affected: No
International Impacts: No
Included in Regulatory Plan: No
Legal Deadline
ActionDateFR Citation
NPRM08/21/201277 FR 50390
NPRM Comment Period End10/15/2012
Final Rule01/31/201378 FR 7216
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Organization: CFPB
Keyword(s): ECOA, Appraisals
Type: Rulemaking

Primary Documents

View All  (2)
Comment Period Closed
Oct 15, 2012 11:59 PM ET
Proposed Rule
Posted: 08/21/2012
ID: CFPB-2012-0032-0005
Comments Not Accepted
Proposed Rule
Posted: 08/15/2012
ID: CFPB-2012-0032-0001

Supporting Documents

No documents available.


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Comments Received*
Regulatory Timeline
Pre Rule
Current Stage
Proposed Rule
Current Stage
Final Rule
Current Stage
Current Stage
Agency Contact
Bill Matchneer
Office of Regulations
202 435-7700
*This count refers to the total comment/submissions received on this docket, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document.