12 CFR § 1291.2 - Compliance dates.

---
identifier: "/us/cfr/t12/s1291.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1291.2 - Compliance dates."
title_number: 12
title_name: "Banks and Banking"
section_number: "1291.2"
section_name: "Compliance dates."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "E"
subchapter_name: "HOUSING GOALS AND MISSION"
part_number: "1291"
part_name: "FEDERAL HOME LOAN BANKS' AFFORDABLE HOUSING PROGRAM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1430(j)."
regulatory_source: "83 FR 61231, Nov. 28, 2018, unless otherwise noted."
cfr_part: "1291"
---


# 1291.2 Compliance dates.

(a) *General January 1, 2021 compliance date.* Except as provided in paragraph (b) of this section, from December 28, 2018 to December 31, 2020, a Bank shall comply with either prior part 1291 (in 12 CFR part 1291 (January 1, 2018 edition)) or this part 1291, and on and after January 1, 2021, a Bank shall comply with this part 1291.

(b) *January 1, 2020 compliance date for owner-occupied retention agreements; exception for adoption of proxies.* From December 28, 2018 to December 31, 2019, a Bank shall comply with either prior § 1291.9(a)(7) (in 12 CFR part 1291 (January 1, 2018 edition)) or § 1291.15(a)(7), and on and after January 1, 2020, a Bank shall comply with § 1291.15(a)(7), except that a Bank shall comply with § 1291.15(a)(7)(ii)(B) on the date set forth in the FHFA guidance on proxies referenced therein.