Regulations last checked for updates: Nov 22, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
§ 1004.3 - Preemption of State law.

Pursuant to 12 U.S.C. 3803,a,purchase,and.4(a) through (c) of this part (as applicable), notwithstanding any provision of State law that restricts the ability of the housing creditor to adjust or renegotiate an interest rate or finance charge with respect to the transaction or to change the amount of interest or finance charges included in a regular periodic payment as a result of such an adjustment or renegotiation.

authority: 12 U.S.C. 3802,3803; 15 U.S.C. 1604,1639b; Pub. L. No. 111-203, 124 Stat. 1376
source: 76 FR 44242, July 22, 2011, unless otherwise noted.
cite as: 12 CFR 1004.3