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Risk Retention (Section 941)

Section 941 of Dodd-Frank requires SEC, FDIC, Federal Reserve, OCC, FHFA and HUD to jointly implement rules to require any securitizer to retain an economic interest in a material portion of the credit risk for any asset that the securitizer, through the issuance of an asset-backed security, transfers to a third party. 

Final regulations were adopted in October 2014.

Regulatory Materials