What Is Regulation N

Regulation N regulates what financial products constitute mortgage credit products, defining them as any credit product secured by a dwelling or other real property that is offered to a consumer for family, personal, or household use. … Compliance with Regulation N is overseen by the Federal Trade Commission (FTC).

Does Regulation N apply to banks?

Regulation N applies to institutions under the jurisdiction of the FTC; it does not apply directly to banks, but does provide valuable guidance for all lenders including banks.

What is regulation H?

Regulation H outlines the requirements that state-chartered banks must adhere to upon becoming members of the Federal Reserve System (FRS). It also lists the procedures for membership and sets certain limits and conditions on some loan types.