About: CFPB Rural Designation Petition and Correction Act

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The CFPB Rural Designation Petition and Correction Act (H.R. 2672) is a 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. 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.

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dbo:abstract	The CFPB Rural Designation Petition and Correction Act (H.R. 2672) is a 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. 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. The bill was introduced in the United States House of Representatives during the 113th United States Congress. (en)
dbo:wikiPageExternalLink	https://www.govtrack.us/congress/bills/113/hr2672 http://www.opencongress.org/bill/hr2672-113/show http://hdl.loc.gov/loc.uscongress/legislation.113hr2672 https://archive.today/20140504205159/http:/www.washingtonwatch.com/bills/show/113_HR_2672.html http://beta.congress.gov/bill/113th-congress/house-bill/2672
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dbp:fullname	To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide for an application process for interested parties to apply for a county to be designated as a rural area, and for other purposes. (en)
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rdfs:comment	The CFPB Rural Designation Petition and Correction Act (H.R. 2672) is a 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. 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. (en)
rdfs:label	CFPB Rural Designation Petition and Correction Act (en)
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