Compliance News: Understanding California’s 2026 ADMT Rules and How They Apply to Docutech
May 9, 2023
The Summary of Federal Register Vol. 88, No. 53, Pg. 16531 states in part:
“The Consumer Financial Protection Bureau (Bureau or CFPB) is issuing this final rule to make non-substantive corrections and updates to Bureau and other Federal agency contact information found at certain locations in Regulations B, E, F, J, V, X, Z, and DD, including Federal agency contact information that must be provided with Equal Credit Opportunity Act adverse action notices and the Fair Credit Reporting Act Summary of Consumer Rights.”
This rule was effective April 19, 2023, however, for the amendments to Appendix A to Regulation B (Equal Credit Opportunity Act) and Appendix K to Regulation V (Fair Credit Reporting Act), the mandatory compliance date is March 20, 2024.
At this time, Docutech is working on updating contact information in the following documents:
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- Cx1413 ECOA Notice
- Cx5798 Federal Equal Credit Opportunity Act Notice
- Cx15312 Credit Score Disclosure – A-3/H-3
- Cx15858 Statement of Credit Denial, Termination or Change
The timeline for stage testing the documents listed above will be announced on Docutech’s Compliance website at https://compliance.docutech.com/.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.