Alternative
Mortgage Transaction Parity Act
Statute: 12
USC 3801 et seq.
OTS Regulations:
560.33, 560.34,
560.35,
560.210,
560.220,
590
et seq, 591
et seq.
OCC Regulations: 12 CFR Part
34, Subpart B, 34.22
& 34.23.
NCUA Regulations: 12
CFR 701.21
AMTPA Purpose: It is the purpose
of this chapter to eliminate the discriminatory
impact that those regulations have upon nonfederally
chartered housing creditors and provide them
with parity with federally chartered institutions
by authorizing all housing creditors to make,
purchase, and enforce alternative mortgage transactions
so long as the transactions are in conformity
with the regulations issued by the Federal agencies.
