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Tuesday, October 28, 2014

CFPB Issues Lists of Rural, Undeserved Counties for 2015

The Consumer Financial Protection Bureau yesterday released lists of rural or underserved counties to use in 2015 in conjunction with the bureau’s Ability-to-Repay, escrow, HOEPA and appraisal rules.
 
Rural counties and county-level jurisdictions were generally defined by using a U.S. Department of Agriculture classification system and underserved counties were defined by data collected under the Home Mortgage Disclosure Act, the CFPB said.