source:
  type: regulation
  id: tila-15usc-1639b
  authority: 15 U.S.C. §1639b — Residential mortgage loan origination
  description: 'TILA''s residential mortgage loan origination standards section

    (Dodd-Frank §1402-1405). Establishes mortgage originator duty of

    care including licensing/registration and unique-identifier

    disclosure on loan documents, the prohibition on steering

    incentives and LO-comp-varying-by-loan-terms rule, and the

    restructuring of origination-fee rule. Implemented in

    Regulation Z primarily at 12 CFR §1026.36. Bootstrap target for

    Round C promotion; obligations populated from candidate file.

    '
obligations:
- id: tila-15usc-1639b-a
  canonical_id: tila-15usc-1639b-a
  section: 15 U.S.C. §1639b(a)
  description: '(a): (a) Finding and purpose (1) Finding The Congress finds that economic stabilization
    would be enhanced by the protection, limitation, and regulation of the terms of residential mortgage
    credit and the practices related to such credit, while ensuring that responsible, affordable mortgage
    credit remains…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (a) Finding and purpose (1) Finding The Congress finds that economic stabilization
      would be enhanced by the protection, limitation, and regulation of the terms of residential mortgage
      credit and the practices related to such credit, while ensuring that responsible, affordable mortgage
      credit remains available to consumers. (2) Purpose It is the purpose of this section and section
      1639c of this title to assure that consumers are offered and receive residential mortgage loans
      on terms that reasonably reflect their ability to repay the loans and that are understandable and
      not unfair, deceptive or abusive.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-15usc-1639b-b
  canonical_id: tila-15usc-1639b-b
  section: 15 U.S.C. §1639b(b)
  description: '(b): (b) Duty of care (1) Standard Subject to regulations prescribed under this subsection,
    each mortgage originator shall, in addition to the duties imposed by otherwise applicable provisions
    of State or Federal law— (A) be qualified and, when required, registered and licensed as a mortgage
    originator i…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (b) Duty of care (1) Standard Subject to regulations prescribed under this subsection,
      each mortgage originator shall, in addition to the duties imposed by otherwise applicable provisions
      of State or Federal law— (A) be qualified and, when required, registered and licensed as a mortgage
      originator in accordance with applicable State or Federal law, including the Secure and Fair Enforcement
      for Mortgage Licensing Act of 2008 [ 12 U.S.C. 5101 et seq.]; and (B) include on all loan documents
      any unique identifier of the mortgage originator provided by the Nationwide Mortgage Licensing System
      and Registry. (2) Compliance procedures required The Bureau shall prescribe regulations requiring
      depository institutions to establish and maintain procedures reasonably designed to assure and monitor
      the compliance of such depository institutions, the subsidiaries of such institutions, and the employees
      of such institutions or subsidiaries with the requirements of this section and the registration
      procedures established under section 1507 of the Secure and Fair Enforcement for Mortgage Licensing
      Act of 2008 [ 12 U.S.C. 5106 ].
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-15usc-1639b-c
  canonical_id: tila-15usc-1639b-c
  section: 15 U.S.C. §1639b(c)
  description: '(c): (c) Prohibition on steering incentives (1) In general For any residential mortgage
    loan, no mortgage originator shall receive from any person and no person shall pay to a mortgage originator,
    directly or indirectly, compensation that varies based on the terms of the loan (other than the amount
    of th…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (c) Prohibition on steering incentives (1) In general For any residential mortgage
      loan, no mortgage originator shall receive from any person and no person shall pay to a mortgage
      originator, directly or indirectly, compensation that varies based on the terms of the loan (other
      than the amount of the principal). (2) Restructuring of financing origination fee (A) In general
      For any mortgage loan, a mortgage originator may not receive from any person other than the consumer
      and no person, other than the consumer, who knows or has reason to know that a consumer has directly
      compensated or will directly compensate a mortgage originator may pay a mortgage originator any
      origination fee or charge except bona fide third party charges not retained by the creditor , mortgage
      originator, or an affiliate of the creditor or mortgage originator. (B) Exception Notwithstanding
      subparagraph (A), a mortgage originator may receive from a person other than the consumer an origination
      fee or charge, and a person other than the consumer may pay a mortgage originator an origination
      fee or charge, if—
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-15usc-1639b-i
  canonical_id: tila-15usc-1639b-i
  section: 15 U.S.C. §1639b(i)
  description: '(i): (i) the mortgage originator does not receive any compensation directly from the consumer;
    and (ii) the consumer does not make an upfront payment of discount points, origination points, or
    fees, however denominated (other than bona fide third party charges not retained by the mortgage originator,
    cre…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (i) the mortgage originator does not receive any compensation directly from the consumer;
      and (ii) the consumer does not make an upfront payment of discount points, origination points, or
      fees, however denominated (other than bona fide third party charges not retained by the mortgage
      originator, creditor , or an affiliate of the creditor or originator), except that the Bureau may,
      by rule, waive or provide exemptions to this clause if the Bureau determines that such waiver or
      exemption is in the interest of consumers and in the public interest. (3) Regulations The Bureau
      shall prescribe regulations to prohibit— (A) mortgage originators from steering any consumer to
      a residential mortgage loan that—
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-15usc-1639b-i
  canonical_id: tila-15usc-1639b-i
  section: 15 U.S.C. §1639b(i)
  description: '(i): (i) the consumer lacks a reasonable ability to repay (in accordance with regulations
    prescribed under section 1639c(a) of this title ); or (ii) has predatory characteristics or effects
    (such as equity stripping, excessive fees, or abusive terms); (B) mortgage originators from steering
    any consumer f…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (i) the consumer lacks a reasonable ability to repay (in accordance with regulations
      prescribed under section 1639c(a) of this title ); or (ii) has predatory characteristics or effects
      (such as equity stripping, excessive fees, or abusive terms); (B) mortgage originators from steering
      any consumer from a residential mortgage loan for which the consumer is qualified that is a qualified
      mortgage (as defined in section 1639c(b)(2) of this title ) to a residential mortgage loan that
      is not a qualified mortgage; (C) abusive or unfair lending practices that promote disparities among
      consumers of equal credit worthiness but of different race, ethnicity, gender, or age; and (D) mortgage
      originators from—
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-15usc-1639b-i
  canonical_id: tila-15usc-1639b-i
  section: 15 U.S.C. §1639b(i)
  description: '(i): (i) mischaracterizing the credit history of a consumer or the residential mortgage
    loans available to a consumer; (ii) mischaracterizing or suborning the mischaracterization of the
    appraised value of the property securing the extension of credit; or (iii) if unable to suggest, offer,
    or recommend to…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (i) mischaracterizing the credit history of a consumer or the residential mortgage
      loans available to a consumer; (ii) mischaracterizing or suborning the mischaracterization of the
      appraised value of the property securing the extension of credit; or (iii) if unable to suggest,
      offer, or recommend to a consumer a loan that is not more expensive than a loan for which the consumer
      qualifies, discouraging a consumer from seeking a residential mortgage loan secured by a consumer’s
      principal dwelling from another mortgage originator. (4) Rules of construction No provision of this
      subsection shall be construed as— (A) permitting any yield spread premium or other similar compensation
      that would, for any residential mortgage loan, permit the total amount of direct and indirect compensation
      from all sources permitted to a mortgage originator to vary based on the terms of the loan (other
      than the amount of the principal); (B) limiting or affecting the amount of compensation received
      by a creditor upon the sale of a consummated loan to a subsequent purchaser; (C) restricting a consumer’s
      ability to finance, at the option of the consumer, including through principal or rate, any origination
      fees or costs permitted under this subsection, or the mortgage originator’s right to receive such
      fees or costs (including compensation) from any person, subject to paragraph (2)(B), so long as
      such fees or costs do not vary based on the terms of the loan (other than the amount of the principal)
      or the consumer’s decision about whether to finance such fees or costs; or (D) prohibiting incentive
      payments to a mortgage originator based on the number of residential mortgage loans originated within
      a specified period of time.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-15usc-1639b-d
  canonical_id: tila-15usc-1639b-d
  section: 15 U.S.C. §1639b(d)
  description: '(d): (d) Liability for violations (1) In general For purposes of providing a cause of
    action for any failure by a mortgage originator, other than a creditor , to comply with any requirement
    imposed under this section and any regulation prescribed under this section, section 1640 of this
    title shall be ap…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (d) Liability for violations (1) In general For purposes of providing a cause of
      action for any failure by a mortgage originator, other than a creditor , to comply with any requirement
      imposed under this section and any regulation prescribed under this section, section 1640 of this
      title shall be applied with respect to any such failure by substituting “mortgage originator” for
      “creditor” each place such term appears in each such subsection. [1] (2) Maximum The maximum amount
      of any liability of a mortgage originator under paragraph (1) to a consumer for any violation of
      this section shall not exceed the greater of actual damages or an amount equal to 3 times the total
      amount of direct and indirect compensation or gain accruing to the mortgage originator in connection
      with the residential mortgage loan involved in the violation, plus the costs to the consumer of
      the action, including a reasonable attorney’s fee.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-15usc-1639b-e
  canonical_id: tila-15usc-1639b-e
  section: 15 U.S.C. §1639b(e)
  description: '(e): (e) Discretionary regulatory authority (1) In general The Bureau shall, by regulations,
    prohibit or condition terms, acts or practices relating to residential mortgage loans that the Bureau
    finds to be abusive, unfair, deceptive, predatory, necessary or proper to ensure that responsible,
    affordable …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (e) Discretionary regulatory authority (1) In general The Bureau shall, by regulations,
      prohibit or condition terms, acts or practices relating to residential mortgage loans that the Bureau
      finds to be abusive, unfair, deceptive, predatory, necessary or proper to ensure that responsible,
      affordable mortgage credit remains available to consumers in a manner consistent with the purposes
      of this section and section 1639c of this title , necessary or proper to effectuate the purposes
      of this section and section 1639c of this title , to prevent circumvention or evasion thereof, or
      to facilitate compliance with such sections, or are not in the interest of the borrower. (2) Application
      The regulations prescribed under paragraph (1) shall be applicable to all residential mortgage loans
      and shall be applied in the same manner as regulations prescribed under section 1604 of this title
      .
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-15usc-1639b-f
  canonical_id: tila-15usc-1639b-f
  section: 15 U.S.C. §1639b(f)
  description: '(f): (f) Timeshare plans This section and any regulations promulgated thereunder do not
    apply to an extension of credit relating to a plan described in section 101(53D) of title 11. ( Pub.
    L. 90–321, title I, § 129B , as added and amended Pub. L. 111–203, title X, § 1100A(2) , title XIV,
    §§ 1402(a)(2), 1…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639b(b)(1)(A)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639b
    snapshot_id: 727d72e516e659f1
    fetched_at: '2026-05-24T16:52:21Z'
    content_hash: sha256:1510bafe13cd0412975e6d12670f4deac587079349d0621e91bb436c6eed13cb
    paragraph_quote: (f) Timeshare plans This section and any regulations promulgated thereunder do not
      apply to an extension of credit relating to a plan described in section 101(53D) of title 11. (
      Pub. L. 90–321, title I, § 129B , as added and amended Pub. L. 111–203, title X, § 1100A(2) , title
      XIV, §§ 1402(a)(2), 1403–1405(a), July 21, 2010 , 124 Stat. 2107 , 2139–2141.) [1] So in original.
      Probably should be “in such section.”
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639b from Cornell LII snapshot 727d72e516e659f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
