Skip to main content

12 CFR Part 1004 - Alternative Mortgage Transaction Parity (Regulation D)

Most recently amended July 22, 2011

Regulation D preempts any state law to the extent it would prohibit state housing creditors from offering certain mortgage types, with some restrictions.

State housing creditors include state-chartered or state-licensed:

  • NCUA-insured credit unions
  • FDIC-insured banks
  • Savings banks
  • Mortgage lenders meeting certain criteria

The regulation covers topics such as:

  • Alternative mortgage transactions
  • Fixed-rate mortgages
  • Fixed-rate balloon loans
  • Late fees
  • Rate increases
  • Prepayment penalties
  • Interest-only payment periods
  • Negative amortization
  • Home equity line of credit


Additional resources

Consumer FAQs

Mortgages