Alternative Mortgage Transaction Parity Act; Preemption Delay of Effective Date
other · Treasury · Rule · Published 2002-12-12 · Effective 2002-09-26 · 67 FR 76304
Document
Document number
02-31228
Federal Register citation
67 FR 76304
CFR reference
12 CFR 560
Type
Rule
Action
Final rule; delay of effective date.
Category
other
Sub-agency
Treasury
Publication date
2002-12-12
Effective date
2002-09-26
Treasury docket
No. 2002-59
Abstract
The Alternative Mortgage Transaction Parity Act (AMTPA) authorizes state chartered housing creditors to make, purchase, and enforce alternative mortgage transactions without regard to any state constitution, law, or regulation. To rely on AMTPA, certain state chartered housing creditors must comply with regulations issued by the Office of Thrift Supervision (OTS). OTS recently revised its rule identifying the OTS regulations that apply under AMTPA. This document delays the effective date of that revised rule.