The CFPB has launched its new online tool created to assist creditors in determining whether a property is located within a rural or underserved area as defined by the CFPB. As previously advised in October 2015, the CFPB created this tool to provide creditors with a mechanism which would provide a safe harbor determination that a property is located in a rural or underserved area.

The tool can be found at: 

www.consumerfinance.gov/guidance/