IV. Legal Authority

IV. Legal Authority

The appropriate authority for the 2017 last Rule is described in more detail in component IV for the Supplementary Ideas accompanying the 2017 Final Rule. 19 Commenters may relate to that discussion to learn more in regards to the authority that is legal this NPRM.

The Bureau adopted the Mandatory Underwriting conditions of this 2017 last Rule in principal reliance from the Bureau’s authority under area 1031(b) regarding the Dodd-Frank Act to recognize and prohibit unjust and abusive techniques.

[…]