Mortgage loans; rulemaking procedures; enforcement

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Title 12—BANKS AND BANKING > CHAPTER 53—WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER V—BUREAU OF CONSUMER FINANCIAL PROTECTION > Part C—Specific Bureau Authorities

This text was captured on Jul 23, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

The Bureau of Consumer Financial Protection shall have authority to prescribe rules with respect to mortgage loans in accordance with section 553 of title 5 . Such rulemaking shall relate to unfair or deceptive acts or practices regarding mortgage loans, which may include unfair or deceptive acts or practices involving loan modification and foreclosure rescue services. Any violation of a rule prescribed under this paragraph shall be treated as a violation of a rule prohibiting unfair, deceptive, or abusive acts or practices under the Consumer Financial Protection Act of 2010 and a violation of a rule under section 18 of the Federal Trade Commission Act ( 15 U.S.C. 57a ) regarding unfair or deceptive acts or practices.

( Pub. L. 111–8, div. D, title VI, § 626(a) , (b), Mar. 11, 2009 , 123 Stat. 678 ; Pub. L. 111–24, title V, § 511(a) , May 22, 2009 , 123 Stat. 1763 ; Pub. L. 111–203, title X, § 1097 , July 21, 2010 , 124 Stat. 2102 .)

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