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The new TILA/RESPA and mortgage servicing rules interrupted my previously planned summer beach reading – the CFPB Examination Manual – so I was just recently getting back to it. While perusing the Manual on the beautiful bucolic beaches of Iowa, I noticed that there are a few helpful flowcharts embedded in the 800+ pages. I tried to extract the flowcharts into one document I could link to from this post, but the PDF available online from the CFPB is locked up tight to editing of any kind. So, here is the link to the Manual, and here are the page numbers along with a description of the charts:
- Page 226 – Coverage Considerations Under Reg Z (Does Reg Z Apply?)
- Page 230 – Finance Charge Chart (What is, and is not, included in the definition of finance charge?)
- Page 247 – Closed End Credit: Finance Charge Accuracy Tolerances
- Page 248 – Closed End Credit: Accuracy and Reimbursement Tolerances for Understated Finance Charges
- Page 249 – Closed End Credit: Accuracy Tolerances for Overstated Finance Charges
- Page 250 – Closed End Credit: Accuracy Tolerances for Overstated APRs
- Page 251 – Closed End Credit: Accuracy and Reimbursement Tolerances for Understated APRs
- Page 701 – Decision Tree: Privacy Notice and Opt-Out
- Page 702 – Decision Tree: Reuse & Redisclosure of Nonpublic Personal Information Received From Nonaffiliated Financial Institutions
- Page 703 – Decision Tree: Account Number Sharing
Many of these flowcharts refer to specific modules within the Examination Manual for further information. If these are issues you deal with on a regular basis, it may be worth printing these out along with any accompanying modules or descriptive pages.
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