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Advisory Opinion program

The Bureau pilot Advisory Opinion program will provide written guidance to assist regulated entities in better understanding their legal and regulatory obligations through advisory opinions.

The pilot program will focus primarily on clarifying ambiguities in the Bureau’s regulations, although advisory opinions may clarify statutory ambiguities. Parties may submit requests for advisory opinions regarding any issue under the Bureau’s purview that can be resolved through an interpretive rule.

Purpose of the program

The pilot Advisory Opinion program provides a mechanism through which the Bureau can more effectively carry out its statutory purposes and objectives by better enabling compliance in the face of regulatory and statutory uncertainty.

Submit a request for an advisory opinion

Under the pilot program, entities subject to the Bureau’s supervisory or enforcement authority can submit a request for an advisory opinion to Requests will be accepted and reviewed on a rolling basis.

Related documents

Advisory Opinions Pilot

Advisory Opinions Proposal