Homeownership Counseling Organizations Lists Interpretive Rule, 68343-68345 [2013-27300]

Download as PDF Federal Register / Vol. 78, No. 220 / Thursday, November 14, 2013 / Rules and Regulations produced by a filament heated to incandescence by an electric current, which: contains an inner reflective coating on the outer bulb to direct the light; is not colored; is not designed for rough or vibration service applications; is not an R20 short lamp; has an R, PAR, ER, BR, BPAR, or similar bulb shapes with an E26 medium screw base; has a rated voltage or voltage range that lies at least partially in the range of 115 and 130 volts; has a diameter that exceeds 2.25 inches; and has a rated wattage that is 40 watts or higher. * * * * * R20 short lamp means a lamp that is an R20 incandescent reflector lamp that has a rated wattage of 100 watts; has a maximum overall length of 3 and 5/8, or 3.625, inches; and is designed, labeled, and marketed specifically for pool and spa applications. * * * * * [FR Doc. 2013–27248 Filed 11–13–13; 8:45 am] BILLING CODE 6450–01–P BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1024 RIN 3170–AA37 Homeownership Counseling Organizations Lists Interpretive Rule Bureau of Consumer Financial Protection. ACTION: Final rule. AGENCY: This rule describes data instructions for lenders to use in complying with the requirement under the High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act (Regulation Z) and Homeownership Counseling Amendments to the Real Estate Settlement Procedures Act (RESPA Homeownership Counseling Amendments) Final Rule to provide a homeownership counseling list using data made available by the Bureau or Department of Housing and Urban Development (HUD). DATES: This rule is effective January 10, 2014. FOR FURTHER INFORMATION CONTACT: Rachel Ross, Special Assistant; Joseph Devlin, Counsel; Office of Regulations, at (202) 435–7700. SUPPLEMENTARY INFORMATION: TKELleY on DSK3SPTVN1PROD with RULES SUMMARY: I. Background In January 2013, pursuant to the Dodd-Frank Act, Public Law 111–203, 124 Stat. 1375 (2010), the Bureau issued the High-Cost Mortgage and VerDate Mar<15>2010 15:50 Nov 13, 2013 Jkt 232001 Homeownership Counseling Amendments to the Truth in Lending Act (Regulation Z) and Homeownership Counseling Amendments to the Real Estate Settlement Procedures Act (RESPA Homeownership Counseling Amendments) Final Rule (2013 HOEPA Final Rule).1 The 2013 HOEPA Final Rule implemented numerous DoddFrank Act requirements. Section 1450 of the Dodd-Frank Act amended section 5(c) of the Real Estate Settlement Procedures Act (RESPA) to require lenders to provide federally related mortgage loan applicants with a ‘‘reasonably complete or updated list of homeownership counselors who are certified pursuant to section 106(e) of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x(e)) and located in the area of the lender.’’ 2 The RESPA Homeownership Counseling Amendments implements this section 1450 amendment in Regulation X § 1024.20(a). In implementing this Dodd-Frank Act requirement, § 1024.20(a)(1) requires lenders to provide the loan applicant with a written list of homeownership counseling organizations that provide relevant services in the loan applicant’s location. The Bureau specified two compliance methods for obtaining this list: (1) using a tool developed and maintained by the Bureau on its Web site, and (2) using data made available by the Bureau or HUD, provided that the data is used in accordance with instructions provided with the data.3 The Bureau noted the use of the data in accordance with these instructions would produce a list consistent with what would have been generated if the tool had been used.4 This rule interprets § 1024.20(a)(1) of the RESPA Homeownership Counseling Amendments, including describing those data instructions. The Bureau’s tool, as discussed in § 1024.20(a)(1)(i), follows these data instructions. II. List and Data Instructions This rule interprets the § 1024.20(a)(1) requirement for lenders to provide a list of homeownership organizations and to obtain the list from data made available 1 78 FR 6855 (Jan. 31, 2013). 106(e) of the Housing and Urban Development Act of 1968, 12 U.S.C. 1701x(e), requires that homeownership counseling provided under programs administered by HUD can be provided only by organizations or individuals certified by HUD as competent to provide homeownership counseling. Section 106(e) also requires HUD to establish standards and procedures for testing and certifying counselors. 3 These two pathways are specified in § 1024.20(a)(1)(i) and (ii), respectively. 4 78 FR 6865 (Jan. 31, 2013). 2 Section PO 00000 Frm 00017 Fmt 4700 Sfmt 4700 68343 by the Bureau or HUD, provided the data is used in accordance with instructions provided with the data.5 This rule describes instructions for lenders to use in complying with the § 1024.20(a)(1)(ii) requirement to generate a list of homeownership counseling organizations by using data provided by the Bureau or HUD. HUD currently provides this data. HUD maintains a free and publicly available application programming interface (API) containing data on HUDapproved housing counseling agencies (HUD API). Although it appears on this site that a token is required to utilize this data, credentials are not required to access and use the data. These data instructions are designed to be applied with publicly available homeownership counselor agency data from HUD,6 as referenced in § 1024.20(a)(1)(ii). The Bureau will make a summary of the data instructions available on the Bureau’s Web site, along with a link to the publicly available housing counseling agency data. A. Number of Homeownership Counselors To Appear on List Section 1024.20(a)(1) requires lenders to provide a written list of homeownership counseling organizations. Consistent with § 1024.20(a)(1), lenders comply with this requirement when they provide a list of ten HUD-approved housing counseling agencies. The tool maintained by the Bureau will generate a list of ten HUD-approved housing counseling agencies. A list generated by the lender under § 1024.20(a)(1)(ii) complies with § 1024.20(a)(1) when the same number of counseling agencies (ten) are provided. Listing ten housing counseling agencies ensures fairness and equity among housing counseling agencies, by offering borrowers a thorough and diverse list of counseling options. B. Location by Zip Code Section 1024.20(a)(1) requires lenders to provide a written list of homeownership counseling organizations in the loan applicant’s location. As the Bureau discussed in the RESPA Homeownership Counseling Amendments, lenders comply with § 1024.20(a)(1), when they use the 5 RESPA and § 1024.20(a)(1) refer to counseling entities as Homeownership Counseling Organizations. HUD refers to them as HUDapproved Housing Counseling Agencies. Homeownership Counseling Organizations as referred to in § 1024.20(a)(1) and this rule are considered HUD-approved Housing Counseling Agencies. 6 Available at: http://data.hud.gov/housing_ counseling.html. E:\FR\FM\14NOR1.SGM 14NOR1 68344 Federal Register / Vol. 78, No. 220 / Thursday, November 14, 2013 / Rules and Regulations borrower’s five-digit zip code to generate a list of the ten closest HUDapproved housing counseling agencies to the centroid of the zip code of the borrower’s current address, in descending order of proximity to the centroid. The borrower’s current zip code satisfies the requirement that the homeownership counseling organizations be in the loan applicant’s location. The zip code of the borrower’s current address is the default to be entered for list generation. Lenders, should they choose, may offer borrowers the option of generating the list from a zip code different than their home address, or from a more precise geographic marker such as a street address, but lenders are not required to offer such an option. The Bureau’s tool will permit generating the list of HUDapproved housing counseling agencies through entry of zip code. A list generated by the lender pursuant to § 1024.20(a)(1)(ii) complies with § 1024.20(a)(1) when the lender generates the list through entry of zip code or from a more precise geographic marker such as a street address. Lenders generating a list pursuant to § 1024.20(a)(1)(ii) through zip code or from a more precise geographic marker such as a street address, will ensure that lists generated under this provision are obtained through similar means as those generated through the Bureau’s tool, thus ensuring consistency. C. Homeownership Counselor Contact Information Section 1024.20(a)(1) requires lenders to provide a written list of homeownership counseling organizations that provide relevant services in the loan applicant’s location. Consistent with § 1024.20(a)(1), lenders comply when they provide the following data fields for each housing counseling agency on the list to the extent that they are available through the HUD API: Agency name, phone number, street address, street address continued, city, state, zip code, Web site URL, email address, counseling services provided, and languages spoken. Providing a street address is preferable to providing a mailing address, as available. The tool maintained by the Bureau will provide these data fields to the extent that they are available through the HUD API. A list generated by the lender under § 1024.20(a)(1)(ii) complies with § 1024.20(a)(1) when these data fields are provided to the extent that they are available through the HUD API. The table below describes how the HUD API data fields relate to the above required data fields: Data element required for list for each agency HUD API Field name HUD Field definition Agency name .............................. Phone number ............................. Street address ............................. Street address continued ............ City .............................................. State ............................................ nme ............................................ phone1 ....................................... adr1 ............................................ adr2 ............................................ city .............................................. statecd ........................................ Zip code ....................................... Website URL ............................... Email address .............................. Counseling services provided ..... zipcd ........................................... weburl ......................................... email ........................................... Services ..................................... Languages spoken ...................... languages ................................... Agency name ............................. Phone number ........................... Street Address ........................... Street Address continued. City ............................................. Code for state in which agency is located. Zip Code .................................... Agency Web Site address ......... Email address ............................ Types of Counseling Services available. The languages in which agency provides services. TKELleY on DSK3SPTVN1PROD with RULES Data fields which are populated with codes that are not commonly understood by borrowers should be translated into their definitional meanings, according to the Data Dictionary,7 to ensure clarity. This will be relevant for the data fields entitled ‘‘Counseling services provided’’ and ‘‘Languages spoken.’’ D. Accompanying Information Lenders comply with § 1024.20(a)(1) when the following language is included: ‘‘The counseling agencies on this list are approved by the U.S. Department of Housing and Urban Development (HUD), and they can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost to you. This list shows you several 7 A data dictionary for the Field ‘‘Services’’ can be found at http://data.hud.gov/Housing_ Counselor/getServices, and a data dictionary for ‘‘Languages’’ can be found at http://data.hud.gov/ Housing_Counselor/getLanguages. VerDate Mar<15>2010 15:50 Nov 13, 2013 Jkt 232001 approved agencies in your area. You can find other approved counseling agencies at the Consumer Financial Protection Bureau’s (CFPB) Web site: consumerfinance.gov/mortgagehelp or by calling 1–855–411–CFPB (2372). You can also access a list of nationwide HUD-approved counseling intermediaries at http://portal.hud.gov/ hudportal/HUD?src=/ohc_nint.’’ Including information about where borrowers can gain additional information is consistent with the Bureau’s preamble discussion of how it envisioned implementing the § 1024.20(a)(1) list requirement in the RESPA Homeownership Counseling Amendments.8 Giving borrowers the link to HUD-approved national counseling intermediaries offers 8 See 78 FR 6855 (Jan. 31, 2013) (‘‘The Bureau anticipates the lists generated through its tool will also include information enabling the consumer to access the Bureau or HUD list of homeownership counseling organizations, so that an applicant who receives the list can obtain information about additional counseling organizations if desired.’’). PO 00000 Frm 00018 Fmt 4700 Sfmt 4700 Example ‘‘Local Counseling Agency’’. ‘‘555–555–5555’’. ‘‘1234 Main Street’’. ‘‘Anytown’’. ‘‘PA’’. ‘‘12345’’. ‘‘http://www.counselor.org’’. ‘‘counselor@counselor.org’’. ‘‘DFC,FBC,FHW,HIC,HMC,NDW,PLW, PPC,PPW,RHC’’ 7. ‘‘ENG’’. borrowers additional housing counseling options, as national intermediaries offer phone counseling and online counseling services, which are particularly useful to borrowers in remote areas or areas less-dense with counseling agencies. The Bureau’s tool will generate lists under § 1024.20(a)(1)(i) that include this text above. By including this information, lenders generating lists under § 1024.20(a)(1)(ii) will comply with § 1024.20(a)(1). This will ensure that information provided under this provision is consistent with information accompanying lists generated by the Bureau’s Web site, thus ensuring consistency. III. Regulatory Requirements This rule articulates the Bureau’s interpretations of the RESPA Homeownership Counseling Amendments. It is therefore exempt from the APA’s notice and comment rulemaking requirements pursuant to 5 U.S.C. 553(b). E:\FR\FM\14NOR1.SGM 14NOR1 Federal Register / Vol. 78, No. 220 / Thursday, November 14, 2013 / Rules and Regulations Because no notice of proposed rulemaking is required, the Regulatory Flexibility Act does not require an initial or final regulatory flexibility analysis. 5 U.S.C. 603(a), 604(a). The Bureau has determined that the Rule does not impose any new or revise any existing recordkeeping, reporting, or disclosure requirements on covered entities or members of the public that would be collections of information requiring OMB approval under the Paperwork Reduction Act, 44 U.S.C. 3501, et seq. The requirement for lenders to provide the loan applicant with a written list of homeownership counseling organizations in the loan applicant’s location is currently approved by OMB and assigned the OMB control number 3170–0025. Generally, the collections of information contained in Regulation X are assigned the OMB control number 3170–0016, and the collections of information contained in Regulation Z are assigned the OMB control number 3170–0015. Dated: November 7, 2013. Richard Cordray, Director, Bureau of Consumer Financial Protection. [FR Doc. 2013–27300 Filed 11–13–13; 8:45 am] BILLING CODE 4810–AM–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2013–0871; Directorate Identifier 2013–NM–187–AD; Amendment 39–17658; AD 2013–23–03] RIN 2120–AA64 Airworthiness Directives; The Boeing Company Airplanes Federal Aviation Administration (FAA), DOT. ACTION: Final rule; request for comments. AGENCY: We are adopting a new airworthiness directive (AD) for certain The Boeing Company Model 747–100, 747–100B, 747–100B SUD, 747–200B, 747–200C, 747–200F, 747–300, 747– 400, 747–400D, 747–400F, and 747SR series airplanes. This AD requires inspecting to determine the part number of the inboard actuator attach fittings of the outboard flap. For affected attach fittings, this AD requires doing a detailed inspection of the attach fittings for a cylindrical defect and replacing if necessary. As an option to the detailed inspection, this AD allows replacement of affected attach fittings. This AD was TKELleY on DSK3SPTVN1PROD with RULES SUMMARY: VerDate Mar<15>2010 15:50 Nov 13, 2013 Jkt 232001 prompted by a report of the fracture of an inboard actuator attach fitting of the outboard flap. An inspection of the attach fitting revealed that it was incorrectly machined with a cylindrical profile instead of a conical profile, resulting in reduced wall thickness. We are issuing this AD to detect and correct defective inboard actuator attach fittings which, combined with loss of the outboard actuator load path, could result in uncontrolled retraction of the outboard flap, damage to flight control systems, and consequent reduced controllability of the airplane. DATES: This AD is effective November 29, 2013. The Director of the Federal Register approved the incorporation by reference of a certain publication listed in the AD as of November 29, 2013. We must receive comments on this AD by December 30, 2013. ADDRESSES: You may send comments, using the procedures found in 14 CFR 11.43 and 11.45, by any of the following methods: • Federal eRulemaking Portal: Go to http://www.regulations.gov. Follow the instructions for submitting comments. • Fax: 202–493–2251. • Mail: U.S. Department of Transportation, Docket Operations, M– 30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE., Washington, DC 20590. • Hand Delivery: U.S. Department of Transportation, Docket Operations, M– 30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE., Washington, DC 20590, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. For service information identified in this AD, contact Boeing Commercial Airplanes, Attention: Data & Services Management, P.O. Box 3707, MC 2H–65, Seattle, WA 98124–2207; telephone 206–544–5000, extension 1; fax 206– 766–5680; Internet https:// www.myboeingfleet.com. You may review copies of the referenced service information at the FAA, Transport Airplane Directorate, 1601 Lind Avenue SW., Renton, Washington. For information on the availability of this material at the FAA, call 425–227–1221. Examining the AD Docket You may examine the AD docket on the Internet at http:// www.regulations.gov; or in person at the Docket Management Facility between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The AD docket contains this AD, the regulatory evaluation, any comments received, and other information. The street address for PO 00000 Frm 00019 Fmt 4700 Sfmt 4700 68345 the Docket Office (phone: 800–647– 5527) is in the ADDRESSES section. Comments will be available in the AD docket shortly after receipt. FOR FURTHER INFORMATION CONTACT: Nathan Weigand, Aerospace Engineer, Airframe Branch, ANM–120S, FAA, Seattle Aircraft Certification Office, 1601 Lind Avenue SW., Renton, WA 98057–3356; phone: 425–917–6428; fax: 425–917–6590; email: nathan.p.weigand@faa.gov. SUPPLEMENTARY INFORMATION: Discussion We received a report a report of the fracture of a No. 7 inboard actuator attach fitting of the outboard flap. It was determined that the fracture occurred in the internal conical machined area. Investigation revealed that a portion of the interior surface was machined with a cylindrical profile instead of a conical profile. This resulted in reduced wall thickness and subsequent fracture; the thickness of the fitting was approximately half the designed wall thickness. We also received reports of other attach fittings with a cylindrical defect with reduced wall thickness. This condition combined with loss of the outboard actuator load path, if not corrected, could result in uncontrolled retraction of the outboard flap and subsequent damage to flight control systems at the rear spar, and consequent reduced controllability of the airplane. Relevant Service Information We reviewed Boeing Alert Service Bulletin 747–57A2343, dated September 12, 2013. For information on the procedures and compliance times, see this service information at http:// www.regulations.gov. FAA’s Determination We are issuing this AD because we evaluated all the relevant information and determined the unsafe condition described previously is likely to exist or develop in other products of the same type design. AD Requirements This AD requires inspecting to determine the part number of the inboard actuator attach fittings of the outboard flap. For affected attach fittings, this AD requires doing a detailed inspection of the attach fittings for a cylindrical defect and replacing if necessary. As an option to the detailed inspection, this AD allows replacement of the affected attach fittings. The FAA worked in conjunction with industry, under the Airworthiness Directives Implementation Aviation Rulemaking Committee, to enhance the E:\FR\FM\14NOR1.SGM 14NOR1

Agencies

[Federal Register Volume 78, Number 220 (Thursday, November 14, 2013)]
[Rules and Regulations]
[Pages 68343-68345]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-27300]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

12 CFR Part 1024

RIN 3170-AA37


Homeownership Counseling Organizations Lists Interpretive Rule

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Final rule.

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SUMMARY: This rule describes data instructions for lenders to use in 
complying with the requirement under the High-Cost Mortgage and 
Homeownership Counseling Amendments to the Truth in Lending Act 
(Regulation Z) and Homeownership Counseling Amendments to the Real 
Estate Settlement Procedures Act (RESPA Homeownership Counseling 
Amendments) Final Rule to provide a homeownership counseling list using 
data made available by the Bureau or Department of Housing and Urban 
Development (HUD).

DATES: This rule is effective January 10, 2014.

FOR FURTHER INFORMATION CONTACT: Rachel Ross, Special Assistant; Joseph 
Devlin, Counsel; Office of Regulations, at (202) 435-7700.

SUPPLEMENTARY INFORMATION:

I. Background

    In January 2013, pursuant to the Dodd-Frank Act, Public Law 111-
203, 124 Stat. 1375 (2010), the Bureau issued the High-Cost Mortgage 
and Homeownership Counseling Amendments to the Truth in Lending Act 
(Regulation Z) and Homeownership Counseling Amendments to the Real 
Estate Settlement Procedures Act (RESPA Homeownership Counseling 
Amendments) Final Rule (2013 HOEPA Final Rule).\1\ The 2013 HOEPA Final 
Rule implemented numerous Dodd-Frank Act requirements. Section 1450 of 
the Dodd-Frank Act amended section 5(c) of the Real Estate Settlement 
Procedures Act (RESPA) to require lenders to provide federally related 
mortgage loan applicants with a ``reasonably complete or updated list 
of homeownership counselors who are certified pursuant to section 
106(e) of the Housing and Urban Development Act of 1968 (12 U.S.C. 
1701x(e)) and located in the area of the lender.'' \2\ The RESPA 
Homeownership Counseling Amendments implements this section 1450 
amendment in Regulation X Sec.  1024.20(a).
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    \1\ 78 FR 6855 (Jan. 31, 2013).
    \2\ Section 106(e) of the Housing and Urban Development Act of 
1968, 12 U.S.C. 1701x(e), requires that homeownership counseling 
provided under programs administered by HUD can be provided only by 
organizations or individuals certified by HUD as competent to 
provide homeownership counseling. Section 106(e) also requires HUD 
to establish standards and procedures for testing and certifying 
counselors.
---------------------------------------------------------------------------

    In implementing this Dodd-Frank Act requirement, Sec.  
1024.20(a)(1) requires lenders to provide the loan applicant with a 
written list of homeownership counseling organizations that provide 
relevant services in the loan applicant's location. The Bureau 
specified two compliance methods for obtaining this list: (1) using a 
tool developed and maintained by the Bureau on its Web site, and (2) 
using data made available by the Bureau or HUD, provided that the data 
is used in accordance with instructions provided with the data.\3\ The 
Bureau noted the use of the data in accordance with these instructions 
would produce a list consistent with what would have been generated if 
the tool had been used.\4\ This rule interprets Sec.  1024.20(a)(1) of 
the RESPA Homeownership Counseling Amendments, including describing 
those data instructions.
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    \3\ These two pathways are specified in Sec.  1024.20(a)(1)(i) 
and (ii), respectively.
    \4\ 78 FR 6865 (Jan. 31, 2013).
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    The Bureau's tool, as discussed in Sec.  1024.20(a)(1)(i), follows 
these data instructions.

II. List and Data Instructions

    This rule interprets the Sec.  1024.20(a)(1) requirement for 
lenders to provide a list of homeownership organizations and to obtain 
the list from data made available by the Bureau or HUD, provided the 
data is used in accordance with instructions provided with the data.\5\ 
This rule describes instructions for lenders to use in complying with 
the Sec.  1024.20(a)(1)(ii) requirement to generate a list of 
homeownership counseling organizations by using data provided by the 
Bureau or HUD.
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    \5\ RESPA and Sec.  1024.20(a)(1) refer to counseling entities 
as Homeownership Counseling Organizations. HUD refers to them as 
HUD-approved Housing Counseling Agencies. Homeownership Counseling 
Organizations as referred to in Sec.  1024.20(a)(1) and this rule 
are considered HUD-approved Housing Counseling Agencies.
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    HUD currently provides this data. HUD maintains a free and publicly 
available application programming interface (API) containing data on 
HUD-approved housing counseling agencies (HUD API). Although it appears 
on this site that a token is required to utilize this data, credentials 
are not required to access and use the data. These data instructions 
are designed to be applied with publicly available homeownership 
counselor agency data from HUD,\6\ as referenced in Sec.  
1024.20(a)(1)(ii). The Bureau will make a summary of the data 
instructions available on the Bureau's Web site, along with a link to 
the publicly available housing counseling agency data.
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    \6\ Available at: http://data.hud.gov/housing_counseling.html.
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A. Number of Homeownership Counselors To Appear on List

    Section 1024.20(a)(1) requires lenders to provide a written list of 
homeownership counseling organizations. Consistent with Sec.  
1024.20(a)(1), lenders comply with this requirement when they provide a 
list of ten HUD-approved housing counseling agencies. The tool 
maintained by the Bureau will generate a list of ten HUD-approved 
housing counseling agencies. A list generated by the lender under Sec.  
1024.20(a)(1)(ii) complies with Sec.  1024.20(a)(1) when the same 
number of counseling agencies (ten) are provided. Listing ten housing 
counseling agencies ensures fairness and equity among housing 
counseling agencies, by offering borrowers a thorough and diverse list 
of counseling options.

B. Location by Zip Code

    Section 1024.20(a)(1) requires lenders to provide a written list of 
homeownership counseling organizations in the loan applicant's 
location. As the Bureau discussed in the RESPA Homeownership Counseling 
Amendments, lenders comply with Sec.  1024.20(a)(1), when they use the

[[Page 68344]]

borrower's five-digit zip code to generate a list of the ten closest 
HUD-approved housing counseling agencies to the centroid of the zip 
code of the borrower's current address, in descending order of 
proximity to the centroid. The borrower's current zip code satisfies 
the requirement that the homeownership counseling organizations be in 
the loan applicant's location. The zip code of the borrower's current 
address is the default to be entered for list generation. Lenders, 
should they choose, may offer borrowers the option of generating the 
list from a zip code different than their home address, or from a more 
precise geographic marker such as a street address, but lenders are not 
required to offer such an option. The Bureau's tool will permit 
generating the list of HUD-approved housing counseling agencies through 
entry of zip code. A list generated by the lender pursuant to Sec.  
1024.20(a)(1)(ii) complies with Sec.  1024.20(a)(1) when the lender 
generates the list through entry of zip code or from a more precise 
geographic marker such as a street address. Lenders generating a list 
pursuant to Sec.  1024.20(a)(1)(ii) through zip code or from a more 
precise geographic marker such as a street address, will ensure that 
lists generated under this provision are obtained through similar means 
as those generated through the Bureau's tool, thus ensuring 
consistency.

C. Homeownership Counselor Contact Information

    Section 1024.20(a)(1) requires lenders to provide a written list of 
homeownership counseling organizations that provide relevant services 
in the loan applicant's location. Consistent with Sec.  1024.20(a)(1), 
lenders comply when they provide the following data fields for each 
housing counseling agency on the list to the extent that they are 
available through the HUD API: Agency name, phone number, street 
address, street address continued, city, state, zip code, Web site URL, 
email address, counseling services provided, and languages spoken. 
Providing a street address is preferable to providing a mailing 
address, as available. The tool maintained by the Bureau will provide 
these data fields to the extent that they are available through the HUD 
API. A list generated by the lender under Sec.  1024.20(a)(1)(ii) 
complies with Sec.  1024.20(a)(1) when these data fields are provided 
to the extent that they are available through the HUD API. The table 
below describes how the HUD API data fields relate to the above 
required data fields:

----------------------------------------------------------------------------------------------------------------
  Data element required for list for
             each agency                  HUD API Field name      HUD Field definition           Example
----------------------------------------------------------------------------------------------------------------
Agency name..........................  nme....................  Agency name............  ``Local Counseling
                                                                                          Agency''.
Phone number.........................  phone1.................  Phone number...........  ``555-555-5555''.
Street address.......................  adr1...................  Street Address.........  ``1234 Main Street''.
Street address continued.............  adr2...................  Street Address
                                                                 continued.
City.................................  city...................  City...................  ``Anytown''.
State................................  statecd................  Code for state in which  ``PA''.
                                                                 agency is located.
Zip code.............................  zipcd..................  Zip Code...............  ``12345''.
Website URL..........................  weburl.................  Agency Web Site address  ``http://www.counselor.org''.
Email address........................  email..................  Email address..........  ``counselor@counselor.org''.
Counseling services provided.........  Services...............  Types of Counseling      ``DFC,FBC,FHW,HIC,HMC,N
                                                                 Services available.      DW,PLW,PPC,PPW,RHC''
                                                                                          \7\.
Languages spoken.....................  languages..............  The languages in which   ``ENG''.
                                                                 agency provides
                                                                 services.
----------------------------------------------------------------------------------------------------------------

    Data fields which are populated with codes that are not commonly 
understood by borrowers should be translated into their definitional 
meanings, according to the Data Dictionary,\7\ to ensure clarity. This 
will be relevant for the data fields entitled ``Counseling services 
provided'' and ``Languages spoken.''
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    \7\ A data dictionary for the Field ``Services'' can be found at 
http://data.hud.gov/Housing_Counselor/getServices, and a data 
dictionary for ``Languages'' can be found at http://data.hud.gov/Housing_Counselor/getLanguages.
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D. Accompanying Information

    Lenders comply with Sec.  1024.20(a)(1) when the following language 
is included: ``The counseling agencies on this list are approved by the 
U.S. Department of Housing and Urban Development (HUD), and they can 
offer independent advice about whether a particular set of mortgage 
loan terms is a good fit based on your objectives and circumstances, 
often at little or no cost to you. This list shows you several approved 
agencies in your area. You can find other approved counseling agencies 
at the Consumer Financial Protection Bureau's (CFPB) Web site: 
consumerfinance.gov/mortgagehelp or by calling 1-855-411-CFPB (2372). 
You can also access a list of nationwide HUD-approved counseling 
intermediaries at http://portal.hud.gov/hudportal/HUD?src=/ohc_nint.''
    Including information about where borrowers can gain additional 
information is consistent with the Bureau's preamble discussion of how 
it envisioned implementing the Sec.  1024.20(a)(1) list requirement in 
the RESPA Homeownership Counseling Amendments.\8\ Giving borrowers the 
link to HUD-approved national counseling intermediaries offers 
borrowers additional housing counseling options, as national 
intermediaries offer phone counseling and online counseling services, 
which are particularly useful to borrowers in remote areas or areas 
less-dense with counseling agencies. The Bureau's tool will generate 
lists under Sec.  1024.20(a)(1)(i) that include this text above. By 
including this information, lenders generating lists under Sec.  
1024.20(a)(1)(ii) will comply with Sec.  1024.20(a)(1). This will 
ensure that information provided under this provision is consistent 
with information accompanying lists generated by the Bureau's Web site, 
thus ensuring consistency.
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    \8\ See 78 FR 6855 (Jan. 31, 2013) (``The Bureau anticipates the 
lists generated through its tool will also include information 
enabling the consumer to access the Bureau or HUD list of 
homeownership counseling organizations, so that an applicant who 
receives the list can obtain information about additional counseling 
organizations if desired.'').
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III. Regulatory Requirements

    This rule articulates the Bureau's interpretations of the RESPA 
Homeownership Counseling Amendments. It is therefore exempt from the 
APA's notice and comment rulemaking requirements pursuant to 5 U.S.C. 
553(b).

[[Page 68345]]

    Because no notice of proposed rulemaking is required, the 
Regulatory Flexibility Act does not require an initial or final 
regulatory flexibility analysis. 5 U.S.C. 603(a), 604(a).
    The Bureau has determined that the Rule does not impose any new or 
revise any existing recordkeeping, reporting, or disclosure 
requirements on covered entities or members of the public that would be 
collections of information requiring OMB approval under the Paperwork 
Reduction Act, 44 U.S.C. 3501, et seq. The requirement for lenders to 
provide the loan applicant with a written list of homeownership 
counseling organizations in the loan applicant's location is currently 
approved by OMB and assigned the OMB control number 3170-0025. 
Generally, the collections of information contained in Regulation X are 
assigned the OMB control number 3170-0016, and the collections of 
information contained in Regulation Z are assigned the OMB control 
number 3170-0015.

    Dated: November 7, 2013.
Richard Cordray,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2013-27300 Filed 11-13-13; 8:45 am]
BILLING CODE 4810-AM-P