Law

Regulation RR – Credit Risk Retention

(17 CFR Part 246)

Subpart A – Authority, Purpose, Scope and Definitions

Rule 1 – Purpose, scope, and authority.

Rule 2 – Definitions.

Subpart B – Credit Risk Retention

Rule 3 – Base risk retention requirement.

Rule 4 – Standard risk retention.

Rule 5 – Revolving pool securitizations.

Rule 6 – Eligible ABCP conduits.

Rule 7 – Commercial mortgage-backed securities.

Rule 8 – Federal National Mortgage Association and Federal Home Loan Mortgage Corporation ABS.

Rule 9 – Open market CLOs.

Rule 10 – Qualified tender option bonds.

Subpart C – Transfer of Risk Retention

Rule 11 – Allocation of risk retention to an originator.

Rule 12 – Hedging, transfer and financing prohibitions.

Subpart D – Exceptions and Exemptions

Rule 13 – Exemption for qualified residential mortgages.

Rule 14 – Definitions applicable to qualifying commercial loans, qualifying commercial real estate loans, and qualifying automobile loans.

Rule 15 – Qualifying commercial loans, commercial real estate loans, and automobile loans.

Rule 16 – Underwriting standards for qualifying commercial loans.

Rule 17 – Underwriting standards for qualifying CRE loans.

Rule 18 – Underwriting standards for qualifying automobile loans.

Rule 19 – General exemptions.

Rule 20 – Safe harbor for certain foreign-related transactions.

Rule 21 – Additional exemptions.

Rule 22 – Periodic review of the QRM definition, exempted three-to-four unit residential mortgage loans, and community-focused residential mortgage exemption.