CFPB_Rural_Designation_Petition_and_Correction_Act_(H.R._2672;_113th_Congress)
CFPB Rural Designation Petition and Correction Act
United States bill
The CFPB Rural Designation Petition and Correction Act (H.R. 2672) is a United States bill that would amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to direct the Consumer Financial Protection Bureau (CFPB) to establish an application process that would allow a person to get their county designated as "rural" for purposes of a federal consumer financial law.[1] One practical effect of having a county designated "rural" is that people can qualify for some types of mortgages by getting them exempted from the CFPB's qualified mortgage rule.[2][3]
The bill was introduced in the United States House of Representatives during the 113th United States Congress.