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CHLA asks CFPB for safe harbor/small IMB exemption from proposed CFPB registry rule

The Community Home Lenders of America (CHLA) formally submitted a comment letter to the CFPB, asking for: (1) safe harbor compliance status for IMBs that comply with NMLS reporting requirements for agency and court orders, and (2) an exemption for all but the largest IMBs from a proposed new requirement to designate a senior executive responsible for compliance with such orders.