HPML Rules - Effective Date Citation

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Question:

The handout for the Reg Z, New Early Disclosures webex indicates on page one that the HPML rules that go into effect on 10/01 do not apply to manufactured housing until 10/01/2010. I need a citation for this, as I can't find anything to back it up. I see where the escrow rules for these loans aren't effective until 10/01/2010, but I'm referring to the income, asset, obligation rules, etc.

Answer:

The only portion that is delayed on manufactured housing loans are the requirements to establish escrow accounts. All other provisions are effective on 10/01/09.

First published on BankersOnline.com 12/14/09