AWACSMortgage compliance intelligence from Flightline

Federal Register · Direct final rule FR Doc. 2025-06353 · Published

Treasury Eliminating Unnecessary Regulations (12 CFR Parts 810, 811; 31 CFR Parts 30, 31, 1010)

Treasury removes several obsolete regulations from titles 12 and 31 of the CFR: Federal Financing Bank rules, TARP compensation and conflict-of-interest rules, and the FinCEN civil penalty rule at 31 CFR 1010.820. The rule is not directed at residential mortgage lending and imposes no new obligations on lenders or servicers.

InformationalEffective Jun 16, 2025All checks passedRead the rule ↗ (opens in a new tab)

Loan impact

From the rule text · verified

Applies to: No residential mortgage loans are affected; the rule removes obsolete Treasury regulations on Federal Financing Bank securities, TARP, and an obsolete FinCEN civil penalty provision.

Effective
Jun 16, 2025
Applicability confidence
Verified: every row above is supported by the source text

What changed

From the rule text · Sections 12 CFR Part 810, 12 CFR Part 811, 31 CFR Part 30, 31 CFR 31.211-31.216, 31 CFR 1010.820
RequirementPreviouslyNow
Remove Federal Financing Bank Bills regulationsRemovedSection 12 CFR Part 810Not stated12 CFR part 810 removed and reserved
Remove Book-Entry Procedure for FFB Securities regulationsRemovedSection 12 CFR Part 811Not stated12 CFR part 811 removed and reserved
Remove TARP compensation and corporate governance standardsRemovedSection 31 CFR Part 30Not stated31 CFR part 30 removed
Remove TARP conflicts of interest regulationsRemovedSection 31 CFR 31.211-31.216Not stated31 CFR 31.211 through 31.216 removed and reserved
Remove FinCEN civil penalty ruleRemovedSection 31 CFR 1010.820Not stated31 CFR 1010.820 removed and reserved as redundant of 31 CFR 1010.821

What to do

AWACS interpretation · not source language

What to review: ="Review first that this direct final rule only removes obsolete Treasury regulations (12 CFR parts 810 and 811, 31 CFR part 30, 31 CFR 31.211 through 31.216, and 31 CFR 1010.820), takes effect June 16, 2025 unless significant adverse comment is received by May 15, 2025, and creates no mandatory change or new obligation for lenders."

QC implications

  • No QC testing or sampling is needed because none of the changes is mandatory and no residential mortgage loans are affected.
  • If a QC checklist cites the removed FinCEN civil penalty rule at 31 CFR 1010.820, QC may note that the record describes it as redundant of 31 CFR 1010.821.

Source and record

Version 1 · archived

Checks 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