Mortgage lending of a controlled entity.

CFR · 2024-01-01 · US · Title 12

Any bank which refers any applicants to a controlled entity and which purchases any covered loan as defined in Regulation C of the Bureau of Consumer Financial Protection (12 CFR part 1003) originated by the controlled entity, as a condition to transacting any business with the controlled entity, shall require the controlled entity to enter into a written agreement with the bank. The written agreement shall provide that the entity shall: (a) Comply with the requirements of §§ 338.3, 338.4, and 338.7, and, if otherwise subject to Regulation C of the Bureau of Consumer Financial Protection (12 CFR part 1003), § 338.8; (b) Open its books and records to examination by the Federal Deposit Insurance Corporation; and (c) Comply with all instructions and orders issued by the Federal Deposit

official document · source cfr-2024 · id 12:§ 338.9