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The Bureau of Consumer Financial Protection issued a correction to a previously published rule regarding the definition of a Qualified Mortgage under the Truth in Lending Act, which appeared in the Federal Register on December 29, 2020. The correction fixes a minor error in the wording of an amendatory instruction related to the regulation that guides mortgage definitions. The change will become effective on March 1, 2021. For further details, individuals can contact Amanda Quester at the Bureau of Consumer Financial Protection.

The Department of Housing and Urban Development (HUD) has issued a correction to a final rule about Manufactured Home Construction and Safety Standards, originally published on January 12, 2021. The correction addresses two errors: one involving an amendatory instruction for regulatory changes that incorrectly referred to a non-existent paragraph, and another in the text of the regulation itself where paragraph references were mistakenly listed. HUD clarified these points to ensure the regulations are correctly understood and applied.