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NOTICE OF PRECOMMENT DRAFT AND STAKEHOLDERS WEBINAR (REVISED JUNE 7, 2024) Mortgage Regulation Rule Review June 5, 2024 Precomment Draft The Department of Savings and Mortgage Lending (SML) is considering

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Who needs notice of precomment draft?

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What is notice of precomment draft?

Notice of precomment draft is a document submitted before making a final decision, to allow for public comment and input.

Who is required to file notice of precomment draft?

Entities or individuals that are proposing a new policy, regulation, or project are required to file notice of precomment draft.

How to fill out notice of precomment draft?

Notice of precomment draft is typically filled out online on a designated platform provided by the regulatory body.

What is the purpose of notice of precomment draft?

The purpose of notice of precomment draft is to gather feedback and input from the public or other stakeholders before finalizing a decision.

What information must be reported on notice of precomment draft?

Information such as the proposed changes, reasoning behind the changes, potential impacts, and a timeline for implementation must be reported on notice of precomment draft.

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