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