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VIII Role of the Board

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MONETARY PROVISIONS

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2014-CFPB-0008 Document 1 Filed 07/10/2014 Page 22 of 28

23

XI Additional Monetary Provisions

IT IS FURTHER ORDERED WKDW:

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WKLV&RQVHQW2UGHULQWHUHVWFRPSXWHGXQGHU86&DVDPHQGHG

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WKHIXOOHVWH[WHQWSHUPLWWHGE\ODZDQGQRSDUWRIWKHIXQGVVKDOOEHUHWXUQHGWR

5HVSRQGHQW

,QDFFRUGDQFHZLWK86&5HVSRQGHQWXQOHVVLWDOUHDG\KDVGRQHVR

VKDOOIXUQLVKWRWKH%XUHDXLWVWD[SD\HULGHQWLI\LQJQXPEHUVZKLFKPD\EHXVHG

IRUSXUSRVHVRIFROOHFWLQJDQGUHSRUWLQJRQDQ\GHOLQTXHQWDPRXQWDULVLQJRXWRI

WKLV&RQVHQW2UGHU

:LWKLQGD\VRIWKHHQWU\RIDILQDOMXGJPHQWFRQVHQWRUGHURUVHWWOHPHQWLQD

5HODWHG&RQVXPHU$FWLRQ5HVSRQGHQWVKDOOQRWLI\WKH5HJLRQDO'LUHFWRURIWKH

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SD\WRFRQVXPHUVDQGVKRXOGGHVFULEHWKHFRQVXPHUVRUFODVVHVRIFRQVXPHUVWR

ZKRPWKDWUHGUHVVKDVEHHQRUZLOOEHSDLG

COMPLIANCE PROVISIONS XII

Reporting Requirements

IT IS FURTHER ORDERED WKDW

2014-CFPB-0008 Document 1 Filed 07/10/2014 Page 23 of 28

24

5HVSRQGHQWVKDOOQRWLI\WKH%XUHDXRIDQ\FKDQJHLQ5HVSRQGHQWWKDWPD\DIIHFW

FRPSOLDQFHREOLJDWLRQVDULVLQJXQGHUWKLV&RQVHQW2UGHULQFOXGLQJEXWQRW

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SURFHHGLQJE\RUDJDLQVW5HVSRQGHQWRUDFKDQJHLQ5HVSRQGHQWVQDPHRU

DGGUHVV

5HVSRQGHQWVKDOOUHSRUWDQ\FKDQJHLQWKHLQIRUPDWLRQUHTXLUHGWREHVXEPLWWHG

XQGHU3DUDJUDSKDWOHDVWGD\VSULRUWRVXFKFKDQJHProvided, however

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WKDQGD\VSULRUWRWKHGDWHVXFKDFWLRQLVWRWDNHSODFH5HVSRQGHQWVKDOO

QRWLI\WKH%XUHDXDVVRRQDVLVSUDFWLFDEOHDIWHUREWDLQLQJVXFKNQRZOHGJH

:LWKLQGD\VRIWKH(IIHFWLYH'DWHDQGDJDLQRQH\HDUDIWHUWKH(IIHFWLYH'DWH

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FRPSOLDQFHSURJUHVVUHSRUWHDFKD&RPSOLDQFH5HSRUWZKLFKKDVEHHQ

DSSURYHGE\WKH%RDUGZKLFKGHVFULEHVLQGHWDLOWKHPDQQHUDQGIRUPLQZKLFK

5HVSRQGHQWKDVFRPSOLHGZLWKWKLV&RQVHQW2UGHU

$IWHUWKHRQH\HDUSHULRG5HVSRQGHQWVKDOOVXEPLWWRWKH5HJLRQDO'LUHFWRU

DGGLWLRQDO&RPSOLDQFH5HSRUWVZLWKLQGD\VRIUHFHLYLQJDZULWWHQUHTXHVW

IURPWKH%XUHDX

XIII Order Distribution and Acknowledgment

IT IS FURTHER ORDERED WKDW

2014-CFPB-0008 Document 1 Filed 07/10/2014 Page 24 of 28

25

:LWKLQGD\VRIWKH(IIHFWLYH'DWH5HVSRQGHQWVKDOOGHOLYHUDFRS\RIWKLV

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)RU\HDUVIURPWKH(IIHFWLYH'DWH5HVSRQGHQWVKDOOGHOLYHUDFRS\RIWKLV

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UHVSRQVLELOLWLHVUHODWHGWRWKHVXEMHFWPDWWHURIWKH&RQVHQW2UGHUEHIRUHWKH\

DVVXPHWKHLUUHVSRQVLELOLWLHV

5HVSRQGHQWVKDOOVHFXUHDVLJQHGDQGGDWHGVWDWHPHQWDFNQRZOHGJLQJUHFHLSWRI

DFRS\RIWKLV&RQVHQW2UGHUZLWKDQ\HOHFWURQLFVLJQDWXUHVFRPSO\LQJZLWKWKH

UHTXLUHPHQWVRIWKH(6LJQ$FW86&et seq.ZLWKLQGD\VRI

GHOLYHU\IURPDOOSHUVRQVUHFHLYLQJDFRS\RIWKLV&RQVHQW2UGHUXQGHUWKLV

6HFWLRQ

XIV Recordkeeping

IT IS FURTHER ORDERED WKDW

5HVSRQGHQWVKDOOFUHDWHIRUDWOHDVW\HDUVIURPWKH(IIHFWLYH'DWHDQGWKHQ

UHWDLQIRUDWOHDVW\HDUVDQGPDNHDYDLODEOHWRWKH%XUHDXXSRQUHTXHVWWKH

IROORZLQJEXVLQHVVUHFRUGV

D $OOGRFXPHQWVDQGUHFRUGVQHFHVVDU\WRGHPRQVWUDWHIXOOFRPSOLDQFHZLWK

HDFKSURYLVLRQRIWKLV&RQVHQW2UGHULQFOXGLQJDOOVXEPLVVLRQVWRWKH

%XUHDX DQGDOOGRFXPHQWVDQGUHFRUGVSHUWDLQLQJWRWKH5HGUHVV3ODQDV

2014-CFPB-0008 Document 1 Filed 07/10/2014 Page 25 of 28

26

VHWIRUWKLQ6HFWLRQ,;DQG

E $OOFRQVXPHUFRPSODLQWVUHODWHGWRGHEWFROOHFWLRQZKHWKHUUHFHLYHG

GLUHFWO\RULQGLUHFWO\VXFKDVWKURXJKDWKLUGSDUW\DQGDQ\UHVSRQVHVWR

WKRVHFRPSODLQWV

XV Notices

IT IS FURTHER ORDEREDWKDW

8QOHVVRWKHUZLVHGLUHFWHGLQZULWLQJE\WKH%XUHDXDOOVXEPLVVLRQVUHTXHVWV

FRPPXQLFDWLRQVFRQVHQWVRURWKHUGRFXPHQWVUHODWLQJWRWKLV&RQVHQW2UGHU

VKDOOEHLQZULWLQJDQGVKDOOEHVHQWE\RYHUQLJKWFRXULHUQRWWKH863RVWDO

6HUYLFHDVIROORZV

-DPHV&DUOH\ 5HJLRQDO'LUHFWRU%XUHDX6RXWKHDVW5HJLRQ &RQVXPHU)LQDQFLDO3URWHFWLRQ%XUHDX *6WUHHW1: :DVKLQJWRQ'&

7KHVXEMHFWOLQHVKDOOEHJLQ,QUH$&(&DVK([SUHVV,QF)LOH1R&)3%>GRFNHWQXPEHUOLVWHGDERYH@Provided howeverWKDW5HVSRQGHQWPD\VHQGVXFKUHSRUWVRUQRWLILFDWLRQV

E\ILUVWFODVVPDLOEXWRQO\LI5HVSRQGHQWFRQWHPSRUDQHRXVO\VHQGVDQHOHFWURQLF

YHUVLRQRIVXFKUHSRUWRUQRWLILFDWLRQWR&RPSOLDQFH#FISEJRY

XVI Compliance and Extensions of Time

IT IS FURTHER ORDEREDWKDW

67. 8SRQDZULWWHQVKRZLQJRIJRRGFDXVHWKH5HJLRQDO'LUHFWRUPD\LQKLVRUKHU

GLVFUHWLRQPRGLI\DQ\QRQPDWHULDOSURYLVLRQVRIWKLV&RQVHQW2UGHUe.g

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PRGLILFDWLRQE\WKH5HJLRQDO'LUHFWRUVKDOOEHLQZULWLQJ

2014-CFPB-0008 Document 1 Filed 07/10/2014 Page 26 of 28

27

ADMINISTRATIVE PROVISIONS

XVII

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WKH%XUHDXRUDQ\RWKHUJRYHUQPHQWDODJHQF\IURPWDNLQJDQ\RWKHUDFWLRQ

DJDLQVW5HVSRQGHQW

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&RQVHQW2UGHULVVXHGXQGHU6HFWLRQRIWKH&)3$86&DQG

H[SUHVVO\GRHVQRWIRUPDQGPD\QRWEHFRQVWUXHGWRIRUPDFRQWUDFWELQGLQJ

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&RQVHQW2UGHUVKDOOUHPDLQHIIHFWLYHDQGHQIRUFHDEOHXQWLOVXFKWLPHH[FHSWWR

WKHH[WHQWWKDWDQ\SURYLVLRQVRIWKLV&RQVHQW2UGHUVKDOOKDYHEHHQDPHQGHG

VXVSHQGHGZDLYHGRUWHUPLQDWHGLQZULWLQJE\WKH%XUHDXRULWVGHVLJQDWHG

DJHQW

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7KLV&RQVHQW2UGHUDQGWKHDFFRPSDQ\LQJ6WLSXODWLRQFRQWDLQWKHFRPSOHWH

DJUHHPHQWEHWZHHQWKHSDUWLHV1RSURPLVHVUHSUHVHQWDWLRQVRUZDUUDQWLHV

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2014-CFPB-0008 Document 1 Filed 07/10/2014 Page 27 of 28

2014-CFPB-0008 Document 1 Filed 07/10/2014 Page 28 of 28