Loan impact
From the rule text · verifiedApplies to: Does not affect mortgage loans; concerns NSF fees on deposit account transactions at banks and other financial institutions.
- Effective
- Jan 14, 2025
- Applicability confidence
- Verified: every row above is supported by the source text
What to do
AWACS interpretation · not source languageWhat to review: No change here is mandatory: the CFPB withdrew its proposed rule on NSF fees for instantaneously declined transactions as of 2025-01-14, no new obligations are imposed, and the record says mortgage loans are not affected, so compliance only needs to note the withdrawal.
Source and record
Version 1 · archivedChecks passed
- Schema valid
- Effective quotes verbatim
- Document ID appears in the source
- Doc id matches catalog
- Mandatory status is backed by requirement language
- Mandatory entries have requirement language
- Published on present
- Title summary length
- Controlled vocabulary
- No placeholder tokens
- Source link resolves
- Loan impact quotes verbatim
- Loan impact vocabulary
- Changes quoted
- Impact type consistent
- Every required change is backed by obligation language
- Only new or tightened changes are marked required
- Loan impact covers every required change
- Quotes are complete sentences
- Unflagged must
- Diff complete
- Mandatory date resolved
- Audience verbatim
- Scope residential
- Out of scope
- Published in window
- Interpretation schema valid
- Interpretation separate
Source
- Withdrawal of Proposed Rule FR Doc. 2024-31385 (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 f4e1ba55a0a5…
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