Infosight Compliance Calendar 

Regulatory Compliance Effective Dates

January 2014
•    Jan. 2, 2014: NCUA Filing Financial and Other Reports electronically
•    Jan. 1, 2014: Truth in Lending, certain provisions of loan originator compensation
•    Jan. 10, 2014: Truth in Lending, other provisions under the loan originator compensation rules such as training, certification and disclosure requirements
•    Jan. 10, 2014: Truth in Lending, Ability-to-Repay Requirements
•    Jan. 10, 2014: Truth in Lending and Real Estate Settlement Procedures Act, Mortgage Servicing Requirements
•    Jan. 10, 2014: Truth in Lending and Real Estate Settlement Procedures Act, HOEPA/high-cost mortgage loans, homeownership counseling
•    Jan. 10, 2014: Truth in Lending, prohibition on financing credit insurance
•    Jan. 18, 2014: Truth in Lending and Equal Credit Opportunity Act, appraisal requirements for higher-priced mortgage loans and disclosure of rights to receive a free copy of appraisal or valuations performed

March 2014
•    March 3, 2014: NCUA Federal Credit Union Interest Rate Derivatives Authority
•    March 15, 2014: $10 or more of dividend payments to certain nonresident aliens made on or after January 1, 2013 to be reported to the IRS
•    March 31, 2014: NCUA Liquidity and Contingency Funding Plan requirements

June 2014
•    June 30, 2014: NCUA Credit Union Service Organization (CUSO) rules effective

August 2015
•    Aug. 1, 2015: CFPB Integrated Mortgage Disclosure Requirements under RESPA and TILA

December 2015
•    IRS Foreign Account Tax Compliance Act (FATCA) applying to US credit unions that make overseas transfers of untaxed proceeds from US sourced interest and investment income