CFPB Publishes 2019 Lists of Rural and Underserved Counties

ALEXANDRIA, Va. – On February 12, 2019, the Consumer Financial Protection Bureau (CFPB) published lists of rural and underserved counties for use in 2019, and a tool to assist credit unions in use of the lists. These help credit unions determine if they will be eligible for a safe harbor and assist in applying certain regulatory provisions related to mortgage loans.

Credit unions that make at least one first-lien mortgage loan secured by a property located in a rural or underserved area during 2019 qualify as a creditor operating in a rural or underserved area during 2020, and for loan applications received before April 1, 2021.

Review the Consumer Financial Protection Update