Credit Risk Retention (Us Federal Reserve System Regulation) (Frs) (2018 Edition)

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  • Credit Risk Retention (Us Federal Reserve System Regulation) (Frs) (2018 Edition) Book Detail

  • Author : The Law The Law Library
  • Release Date : 2018-10-06
  • Publisher : Createspace Independent Publishing Platform
  • Genre :
  • Pages : 338
  • ISBN 13 : 9781727777871
  • File Size : 32,32 MB
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Credit Risk Retention (Us Federal Reserve System Regulation) (Frs) (2018 Edition) by The Law The Law Library PDF Summary

Book Description: Credit Risk Retention (US Federal Reserve System Regulation) (FRS) (2018 Edition) The Law Library presents the complete text of the Credit Risk Retention (US Federal Reserve System Regulation) (FRS) (2018 Edition). Updated as of May 29, 2018 The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are adopting a joint final rule (the rule, or the final rule) to implement the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934, as added by section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act or Dodd-Frank Act). Section 15G generally requires the securitizer of asset-backed securities to retain not less than 5 percent of the credit risk of the assets collateralizing the asset-backed securities. Section 15G includes a variety of exemptions from these requirements, including an exemption for asset-backed securities that are collateralized exclusively by residential mortgages that qualify as "qualified residential mortgages," as such term is defined by the agencies by rule. This book contains: - The complete text of the Credit Risk Retention (US Federal Reserve System Regulation) (FRS) (2018 Edition) - A table of contents with the page number of each section

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