Other Components Of the Delay NPRM

Unanticipated obstacles that are potential Compliance

As talked about within the Delay NPRM, the Bureau’s 2nd reason behind proposing to wait the conformity date associated with the Mandatory Underwriting Provisions had been that the Bureau had discussed implementation efforts with a wide range of industry individuals since book associated with 2017 last Rule. Through these conversations, the Bureau had gotten reports of varied unanticipated possible hurdles to compliance because of the Mandatory Underwriting Provisions because of the August 19, 2019 conformity date. Continue reading