Payday, Vehicle Title, and Certain High-Cost Installment Loans Registered Information Systems registration program

Registration processes and criteria for registration of information systems

The Payday, Vehicle Title, and Certain High-Cost Installment Loans final rule imposes processes for the registration of information systems and establishes eligibility criteria that entities must meet in order to become provisionally registered or registered information systems with the Bureau. 

Registration process prior to August 19, 2019 (pursuant to § 1041.11(c))

Application for preliminary approval for registration of an information system (pursuant to § 1041.11(c)(1))

To apply for preliminary approval for registration of an information system prior to August 19, 2019, submit an application for preliminary approval to the Bureau by April 16, 2018. The application submitted to the Bureau should contain information and documentation sufficient for the Bureau to determine that the applicant is reasonably likely to satisfy the conditions set forth in § 1041.11(b) and must include the information set forth in § 1041.11(e). The application must include a description of the steps the applicant plans to take to satisfy the conditions set forth in § 1041.11(b) by the deadline set forth in § 1041.11(c)(3)(ii) and include the anticipated timeline for such steps. The applicant’s plan must be reasonable and achievable. (Note: The Bureau may require additional information and documentation to facilitate this determination. However, the assessments described in § 1041.11(b)(5) and § 1041.11(b)(7) need not be included with an application for preliminary approval for registration or completed prior to the submission of the application.)

Preliminary approval deadline information

The deadline for the submission of an application for preliminary approval for registration of an information system is April 16, 2018. The Bureau may waive this deadline. If an application for preliminary approval for registration of an information system is not submitted to the Bureau by April 16, 2018, and the Bureau has not waived the deadline, the applicant will not be eligible for preliminary approval or registration under § 1041.11(c). The applicant may submit an application to be a provisionally registered information system under § 1041.11(d). 

How to submit an application



Application for registration of an information system (pursuant to § 1041.11(c)(2))

In order for an applicant to be eligible for registration prior to August 19, 2019, it must have been granted preliminary approval for registration by the Bureau AND subsequently have submitted an application for registration to the Bureau no later than 120 days from the date the preliminary approval was granted. The Bureau may waive this deadline. 

After an applicant has received preliminary approval for registration from the Bureau, it must submit an application for registration to the Bureau by the deadline set forth in § 1041.11(c)(3)(ii), which is 120 days from the date preliminary approval for registration of the information system was granted. The registration application must contain information and documentation sufficient for the Bureau to determine that the applicant satisfies the conditions set forth in § 1041.11(b), including the assessments described in § 1041.11(b)(5) and (b)(7). An application must also include the information set forth in § 1041.11(e). (Note: The Bureau may require additional information and documentation to facilitate this determination or otherwise to assess whether your registration would pose an unreasonable risk to consumers.)

An information system is registered on the date that the Bureau publishes notice of the registration on the Bureau’s website.

Application deadline information

The deadline for the submission of an application for registration of an information system is 120 days from the date preliminary approval for registration of the information system was granted. The Bureau may waive this deadline. If an application for registration of an information system is not submitted to the Bureau by the deadline set forth in § 1041.11(c)(3)(ii), and the Bureau has not waived the deadline, the applicant will not be eligible for registration under § 1041.11(c). The applicant may submit an application to be a provisionally registered information system under § 1041.11(d). 

How to submit an application



Registration on or after August 19, 2019 (pursuant to § 1041.11(d))

Application for provisional registration of an information system (pursuant to § 1041.11(d)(1))

On or after August 19, 2019, the Bureau may approve an entity to be a provisionally registered information system.  

An application for provisional registration of an information system must contain information and documentation sufficient for the Bureau to determine that the applicant satisfies the conditions set forth in § 1041.11(b), including the assessments described in § 1041.11(b)(5) and (b)(7). An application must also include the information set forth in § 1041.11(e). (Note: The Bureau may require additional information and documentation to facilitate this determination or otherwise to assess whether provisional registration would pose an unreasonable risk to consumers.)

An information system is provisionally registered on the date that the Bureau publishes notice of the provisional registration on the Bureau’s website.

Registration of an information system (pursuant to § 1041.11(d)(2))

An information system that is provisionally registered pursuant to § 1041.11(d)(1) shall automatically become a registered information system pursuant to § 1041.11(d)(2) upon the expiration of the 240-day period commencing on the date the information system is provisionally registered.  



How to submit an application

Submit your application for preliminary approval, registration, or provisional registration as a PDF attachment or attachments to an e-mail directed to: 
CFPB_RegistrationsProgramOffice@consumerfinance.gov

Please provide an email address and telephone number for the sender. An email receipt will be provided to confirm that the materials were received.  

If you anticipate filing more than 30MB of material, you will likely need to break the material into multiple emails. If you break the material into multiple emails, you should note in the subject line that multiple emails are being sent (e.g., part 1 of 3).