Title 12

PART 373

Part 373 - Credit Risk Retention

PART 373 - CREDIT RISK RETENTION Authority:12 U.S.C. 1811 et seq. and 3103 et seq., and 15 U.S.C. 78o-11. Source:79 FR 77740, Dec. 24, 2014, unless otherwise noted.

• Authority: 12 U.S.C. 1811 et seq. and 3103 et seq., and 15 U.S.C. 78o-11.
• Source: 79 FR 77740, Dec. 24, 2014, unless otherwise noted.

12:6.0.1.1.23.1	SUBPART A	Subpart A - Authority, Purpose, Scope and Definitions
12:6.0.1.1.23.1.1.1	SECTION 373.1	373.1 Purpose and scope.
12:6.0.1.1.23.1.1.2	SECTION 373.2	373.2 Definitions.
12:6.0.1.1.23.2	SUBPART B	Subpart B - Credit Risk Retention
12:6.0.1.1.23.2.1.1	SECTION 373.3	373.3 Base risk retention requirement.
12:6.0.1.1.23.2.1.2	SECTION 373.4	373.4 Standard risk retention.
12:6.0.1.1.23.2.1.3	SECTION 373.5	373.5 Revolving pool securitizations.
12:6.0.1.1.23.2.1.4	SECTION 373.6	373.6 Eligible ABCP conduits.
12:6.0.1.1.23.2.1.5	SECTION 373.7	373.7 Commercial mortgage-backed securities.
12:6.0.1.1.23.2.1.6	SECTION 373.8	373.8 Federal National Mortgage Association and Federal Home Loan Mortgage Corporation ABS.
12:6.0.1.1.23.2.1.7	SECTION 373.9	373.9 Open market CLOs.
12:6.0.1.1.23.2.1.8	SECTION 373.10	373.10 Qualified tender option bonds.
12:6.0.1.1.23.3	SUBPART C	Subpart C - Transfer of Risk Retention
12:6.0.1.1.23.3.1.1	SECTION 373.11	373.11 Allocation of risk retention to an originator.
12:6.0.1.1.23.3.1.2	SECTION 373.12	373.12 Hedging, transfer and financing prohibitions.
12:6.0.1.1.23.4	SUBPART D	Subpart D - Exceptions and Exemptions
12:6.0.1.1.23.4.1.1	SECTION 373.13	373.13 Exemption for qualified residential mortgages.
12:6.0.1.1.23.4.1.2	SECTION 373.14	373.14 Definitions applicable to qualifying commercial loans, qualifying commercial real estate loans, and qualifying automobile loans.
12:6.0.1.1.23.4.1.3	SECTION 373.15	373.15 Qualifying commercial loans, commercial real estate loans, and automobile loans.
12:6.0.1.1.23.4.1.4	SECTION 373.16	373.16 Underwriting standards for qualifying commercial loans.
12:6.0.1.1.23.4.1.5	SECTION 373.17	373.17 Underwriting standards for qualifying CRE loans.
12:6.0.1.1.23.4.1.6	SECTION 373.18	373.18 Underwriting standards for qualifying automobile loans.
12:6.0.1.1.23.4.1.7	SECTION 373.19	373.19 General exemptions.
12:6.0.1.1.23.4.1.8	SECTION 373.20	373.20 Safe harbor for certain foreign-related transactions.
12:6.0.1.1.23.4.1.9	SECTION 373.21	373.21 Additional exemptions.
12:6.0.1.1.23.4.1.10	SECTION 373.22	373.22 Periodic review of the QRM definition, exempted three-to-four unit residential mortgage loans, and community-focused residential mortgage exemption

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