WASHINGTON, Nov. 18 -- Office of the Comptroller of the Currency has issued a proposed rule called: Fair Housing Home Loan Data System.
The proposed rule was published in the Federal Register on Nov. 18 by Jonathan V. Gould, Comptroller of the Currency.
Summary: The Office of the Comptroller of the Currency (OCC) invites public comment on a notice of proposed rulemaking (proposed rule) to rescind its Fair Housing Home Loan Data System regulation codified at 12 CFR part 27. The OCC has determined that the regulation is obsolete and largely duplicative of and inconsistent with other legal authorities that require national banks to collect and retain certain information on applications for home loans. Moreover, part 27 imposes asymmetrical d...