CFPB Publishes 2019 Lists of Rural or Underserved Counties

The CFPB recently published its 2019 lists of rural or underserved counties. The lists are published annually by the agency.

Some entities that conduct business in rural or underserved areas are exempt from certain regulatory requirements of the Truth in Lending Act.  The CFPB lists reflect the rural status at the county level. In addition to these lists, lenders should use CFPB’s Rural or Underserved Areas Tool to provide a safe harbor determination that a property is located in a rural or underserved area. This Tool is more comprehensive because it includes both locations that are rural because they lie in rural census blocks and also locations that are rural because they lie in rural counties.