🏡FTC Seeks Comments on Mortgage Advertising Regulation N Compliance
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension
Summary
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Federal Trade Commission (FTC or Commission) is seeking public comment on its proposal to extend for an additional three years the FTC's portion of the information collection requirements contained in the Consumer Financial Protection Bureau's Regulation N (the Mortgage Acts and Practices--Advertising Rule). The FTC generally shares enforcement of Regulation N with the Consumer Financial Protection Bureau (CFPB). The current clearance expires on February 28, 2026.
Agencies
- Federal Trade Commission
Business Impact
$$ - Med
The regulatory notice concerns the FTC’s proposal to extend information collection related to mortgage advertising practices, which may impose compliance requirements on mortgage brokers, lenders, and advertising agencies. Businesses directly involved in mortgage credit must ensure adherence to recordkeeping under Regulation N, impacting their operations and administrative burden.