---
kind: "section"
citation: "12 C.F.R. § 1015.7"
title: "12"
number: "1015.7"
heading: "Exemptions."
url: "https://uscodex.org/cfr/12/1015.7"
---

# §1015.7. Exemptions.

- (a) An attorney is exempt from this part, with the exception of [§ 1015.5](/cfr/12/1015.5.md), if the attorney:
  - (1) Provides mortgage assistance relief services as part of the practice of law;
  - (2) Is licensed to practice law in the state in which the consumer for whom the attorney is providing mortgage assistance relief services resides or in which the consumer's dwelling is located; and
  - (3) **Complies with state laws and regulations that cover the same type of conduct the rule requires.**
- (b) An attorney who is exempt pursuant to [paragraph (a)](#a) of this section is also exempt from [§ 1015.5](/cfr/12/1015.5.md) if the attorney:
  - (1) Deposits any funds received from the consumer prior to performing legal services in a client trust account; and
  - (2) Complies with all state laws and regulations, including licensing regulations, applicable to client trust accounts.

## Notes

### Authority

Authority: 12 U.S.C. 5512, 5581; 15 U.S.C. 1638 note.

### Source

Source: 76 FR 78133, Dec. 16, 2011, unless otherwise noted.