Federal Register / Vol. 79, No. 205 / Thursday, October 23, 2014 / Rules and Regulations 63299 

24The CFPB Supervision and Examination 

Manual provides further guidance on how the 

UDAAP prohibition applies to supervised entities. 

That examination manual is available at http://

www.consumerfinance.gov/guidance/supervision/

manual. 

in the laws discussed above may 

nonetheless constitute a UDAAP.24

CFPB expects all servicers under its 

jurisdiction, including those with 

significant transfer volume, to maintain 

a robust Compliance Management 

System (CMS). A robust CMS must, 

among other things, both ensure that 

violations of Federal consumer financial 

law do not occur during a transfer and 

must contain mechanisms for promptly 

identifying and remediating any 

violations of Federal consumer financial 

law that do occur. Entities with a robust 

CMS have strong policies and 

procedures, effective board oversight, 

regular and properly directed training, 

internal monitoring, external audits and 

complaint review. 

CFPB expects servicers that identify 

any potential violations during a 

transfer to undertake all necessary 

corrective measures. Such corrective 

measures should include both steps to 

prevent the violation from occurring for 

subsequently transferred loans and to 

remediate any actual harm the violation 

may have caused the consumer whose 

loan was transferred. If the CFPB 

determines that a servicer has engaged 

in any acts or practices that violate the 

new servicing rule, that are unfair, 

deceptive, or abusive, or that otherwise 

violate Federal consumer financial law, 

it will take appropriate supervisory and 

enforcement actions to address 

violations and seek all appropriate 

corrective measures, including 

remediation of any harm to consumers. 

In determining the appropriate action, 

the CFPB will consider a variety of 

factors, including the timeliness of 

identification and the timeliness and 

scope of remediation of the violation by 

the servicer. 

D. Plans for Handling Servicing 

Transfers 

As part of its efforts to focus 

supervisory attention on the topics 

described above, the CFPB will, in 

appropriate cases, require servicers 

engaged in significant servicing 

transfers to prepare and submit written 

plans to the CFPB detailing how they 

will manage the associated consumer 

risks. The CFPB will use these plans to 

assess consumer risk and inform further 

examination planning. Servicers do not 

need approval from the CFPB before 

moving forward with servicing transfers 

unless specifically required to do so 

(e.g., by a consent order). 

The information included in a plan 

would depend on the circumstances of 

the particular transfer. In general, 

however, the CFPB will request 

information regarding: 

1. The number of loans involved in 

the transfer; 

2. The total servicing volume being 

transferred (measured by unpaid 

principal balance); 

3. The name(s) of the servicing 

platform(s) on which the transferor 

stored all relevant account-level 

information for transferred loans prior 

to transfer and information about 

compatibility with the transferee’s 

systems; 

4. A detailed description of how the 

servicer will ensure that it is complying 

with the applicable new servicing rule 

provisions on transfers; 

5. A detailed description of the 

transaction and system testing to be 

conducted to ensure accurate transfer of 

electronic information and a description 

of the summary report resulting from 

the transferee or transferor’s testing; 

6. A description of how the transferee 

will identify and correct errors 

identified in connection with the 

transfer, including a specified time 

period for reviewing files and resolving 

errors; 

7. A description of the training plan 

and actual training materials for staff 

involved in reviewing, assessing, 

utilizing, or communicating information 

regarding the transferred loans; and 

8. A customer-service plan, specific to 

the transferred loans, that provides for 

responding to loss mitigation requests or 

inquiries and for identifying whether a 

loan is subject to a pending loss 

mitigation resolution or application. 

IV. Regulatory Requirements 

This Compliance Bulletin and Policy 

Guidance is a non-binding compliance 

bulletin and policy guidance 

articulating considerations relevant to 

the CFPB’s exercise of its supervisory 

authority under Regulation X and 

RESPA and reciting certain 

requirements of Regulation X and other 

Federal consumer financial laws 

applicable to servicing transfers. It is 

therefore exempt from the notice and 

comment rulemaking requirements 

under the Administrative Procedure Act 

pursuant to 5 U.S.C. 553(b). 

Because no notice of proposed 

rulemaking is required, the Regulatory 

Flexibility Act does not require an 

initial or final regulatory flexibility 

analysis. 5 U.S.C. 603(a), 604(a). 

The CFPB has determined that this 

Compliance Bulletin and Policy 

Guidance does not impose any new or 

revise any existing recordkeeping, 

reporting, or disclosure requirements on 

covered entities or members of the 

public that would be collections of 

information requiring OMB approval 

under the Paperwork Reduction Act, 44 

U.S.C. 3501, et seq. 

Dated: October 7, 2014. 

Richard Cordray, 

Director, Bureau of Consumer Financial 

Protection. 

[FR Doc. 2014–24194 Filed 10–22–14; 8:45 am] 

BILLING CODE 4810–AM–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 25 

[Docket No. FAA–2014–0698; Special 

Conditions No. 25–567–SC] 

Special Conditions: Bombardier 

Aerospace, Models BD–500–1A10 and 

BD–500–1A11 Series Airplanes; 

Airplane Electronic System Security 

Protection From Unauthorized External 

Access 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final special conditions; 

corrections. 

SUMMARY: This document corrects two 

errors that appeared in Docket No. 

FAA–2014–0698, Special Conditions 

No. 25–567–SC, which was published in 

the Federal Register on September 12, 

2014 (79 FR 54574). There is an error in 

the header information and in one 

instance of one of the airplane model 

numbers in the publication. 

DATES: The effective date of this 

correction is October 23, 2014. 

FOR FURTHER INFORMATION CONTACT: 

Varun Khanna, FAA, Airplane and 

Flight Crew Interface Branch, ANM– 

111,Transport Airplane Directorate, 

Aircraft Certification Service, 1601 Lind 

Avenue SW., Renton, Washington 

98057–3356; telephone (425) 227–1298; 

facsimile (425) 227–1149. 

SUPPLEMENTARY INFORMATION: On 

September 12, 2014, the Federal 

Register published document 

designated as ‘‘Docket No. FAA–2014– 

0698, Notice No. 25–567–SC,’’ (79 FR 

54574). The document issued special 

conditions pertaining to network 

security in the digital systems 

architecture, access from external 

sources, on the BD–500–1A10 and BD– 

500–1A11 series airplanes. 

As published, the document 

contained two errors: 


wreier-aviles on DSK5TPTVN1PROD with RULES
63300 Federal Register / Vol. 79, No. 205 / Thursday, October 23, 2014 / Rules and Regulations 

1. In the header of the document, 

‘‘Notice No.’’ should have been ‘‘Special 

Conditions No.’’ 

2. In one instance, one of the airplane 

model numbers was published as ‘‘BD– 

500–1A1’’ instead of ‘‘BD–500–1A11.’’ 

Correction 

In Final special conditions document 

(FR Doc. 2014–21789) published on 

September 12, 2014 (79 FR 54574), 

make the following corrections: 

1. On page 54574, second column in 

the header information, correct ‘‘Notice 

No.’’ to read ‘‘Special Conditions No.’’ 

2. On page 54575, third column, last 

line in the introductory text in the 

section titled, ‘‘The Special 

Conditions,’’ correct ‘‘BD–500–1A1’’ to 

read ‘‘BD–500–1A11.’’ 

Issued in Renton, Washington, on October 

16, 2014. 

Michael Kaszycki, 

Acting Manager, Transport Airplane 

Directorate, Aircraft Certification Service. 

[FR Doc. 2014–25241 Filed 10–22–14; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 25 

[Docket No. FAA–2014–0666; Special 

Conditions No. 25–566–SC] 

Special Conditions: Bombardier 

Aerospace, Models BD–500–1A10 and 

BD–500–1A11 Series Airplanes; 

Isolation or Airplane Electronic System 

Security Protection From Unauthorized 

Internal Access 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final special conditions; 

corrections. 

SUMMARY: This document corrects two 

errors that appeared in Docket No. 

FAA–2014–0666, Special Conditions 

No. 25–566–SC, which was published in 

the Federal Register on September 12, 

2014 (79 FR 54572). There is an error in 

the header information and in one 

instance of one of the airplane model 

numbers in the publication. 

DATES: The effective date of this 

correction is October 23, 2014. 

FOR FURTHER INFORMATION CONTACT: 

Varun Khanna, FAA, Airplane and 

Flight Crew Interface Branch, ANM– 

111, Transport Airplane Directorate, 

Aircraft Certification Service, 1601 Lind 

Avenue SW., Renton, Washington 

98057–3356; telephone (425) 227–1298; 

facsimile (425) 227–1149. 

SUPPLEMENTARY INFORMATION: On 

September 12, 2014, the Federal 

Register published document 

designated as ‘‘Docket No. FAA–2014– 

0666, Notice No. 25–566–SC,’’ (79 FR 

54572). The document issued special 

conditions pertaining to network 

security in the digital systems 

architecture, access from internal 

sources, on the BD–500–1A10 and BD– 

500–1A11 series airplanes. 

As published, the document 

contained two errors: 

1. In the header of the document, 

‘‘Notice No.’’ should have been ‘‘Special 

Conditions No.’’ 

2. In one instance, the airplane model 

number was published as ‘‘BD–500– 

1A1’’ instead of ‘‘BD–500–1A11.’’ 

Correction 

In Final special conditions document 

(FR Doc. 2014–21788), published on 

September 12, 2014 (79 FR 54572), 

make the following corrections: 

1. On page 54572, third column in the 

header information, correct ‘‘Notice 

No.’’ to read ‘‘Special Conditions No.’’ 

2. On page 54574, first column, last 

line in the introductory text of the 

section titled, ‘‘The Special 

Conditions,’’ correct ‘‘BD–500–1A1’’ to 

read ‘‘BD–500–1A11.’’ 

Issued in Renton, Washington, on October 

16, 2014. 

Michael Kaszycki, 

Acting Manager, Transport Airplane 

Directorate, Aircraft Certification Service. 

[FR Doc. 2014–25240 Filed 10–22–14; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 25 

[Docket No. FAA–2014–0434; Special 

Conditions No. 25–544–SC] 

Special Conditions: Bombardier 

Aerospace, Models BD–500–1A10 and 

BD–500–1A11; Composite Wing and 

Fuel Tank Structure Post-Crash Fire 

Survivability 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final special conditions. 

SUMMARY: These special conditions are 

issued for the Bombardier Aerospace, 

Models BD–500–1A10 and BD–500– 

1A11 series airplanes. These airplanes 

will have novel or unusual design 

features when compared to the state of 

technology envisioned in the 

airworthiness standards for transport 

category airplanes. These design 

features are composite materials used in 

the construction of the fuel tank skin 

and structure, which may behave 

differently in a post-crash fire than 

traditional aluminum construction. 

These special conditions contain the 

additional safety standards that the 

Administrator considers necessary to 

establish a level of safety equivalent to 

that established by the existing 

airworthiness standards. 

DATES: Effective Date: This action is 

effective on November 24, 2014. 

FOR FURTHER INFORMATION CONTACT: 

Alan Sinclair, FAA, Airframe and Cabin 

Safety Branch, ANM–115 Transport 

Airplane Directorate, Aircraft 

Certification Service, 1601 Lind Avenue 

SW., Renton, Washington 98057–3356; 

telephone 425–227–2195; facsimile 

425–227–1232. 

SUPPLEMENTARY INFORMATION: 

Background 

On December 10, 2009, Bombardier 

Aerospace applied for a type certificate 

for their new Models BD–500–1A10 and 

BD–500–1A11 series airplanes (hereafter 

collectively referred to as ‘‘CSeries’’). 

The CSeries airplanes are swept-wing 

monoplanes with an aluminum alloy 

fuselage sized for 5-abreast seating. 

Passenger capacity is designated as 110 

for the Model BD–500–1A10 and 125 for 

the Model BD–500–1A11. Maximum 

takeoff weight is 131,000 pounds for the 

Model BD–500–1A10 and 144,000 

pounds for the Model BD–500–1A11. 

Conventional airplanes with 

aluminum skin and structure provide a 

well-understood level of safety during 

post-crash fire scenarios with respect to 

fuel tanks. This is based on service 

history and extensive full-scale fire 

testing. The CSeries airplanes will not 

be fabricated primarily with aluminum 

for the fuel tank structure. Instead, they 

will be fabricated using predominantly 

composite structure and skin for the 

wings and fuel tanks. Composites may 

or may not have the equivalent 

capability of aluminum, and current 

regulations do not provide objective 

performance requirements for wing and 

fuel tank structure with respect to postcrash fire safety. Because the use of 

composite structure is novel and 

unusual with respect to the designs 

envisioned when the applicable 

regulations were promulgated, 

additional tests and analyses 

substantiation will be required to show 

that the CSeries airplanes will provide 

an acceptable level of safety with 

respect to the performance of the wings 

and fuel tanks during an external fuelfed fire. 


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