Agent 1071

§ 1071 · Compliance timeline

The Section 1071 compliance deadline, in full

Seven years, three interim rules, and one uniform compliance date. Here's every milestone from the original 2023 rule to the first SBLAR filing in 2029.

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The path to Section 1071 wasn't a straight line. The CFPB finalized the original rule in 2023, litigation pushed the compliance dates back three separate times, and a revised final rule in May 2026 reset the schedule with a single uniform date. The timeline below is the full record.

  1. March 30, 2023 · Entry 01

    Original final rule

    CFPB finalizes the original Section 1071 rule implementing the Dodd-Frank small business data collection mandate via Regulation B.

  2. 2023–2025 · Entry 02

    Litigation & extensions

    Multiple federal court challenges lead to a 2024 interim rule, a June 2025 interim final rule, and an October 2025 final extension rule pushing compliance dates back.

  3. May 1, 2026 · Entry 03

    Revised final rule issued

    CFPB issues a revised final rule amending Subpart B of Regulation B — raising the coverage threshold and cutting the required data fields.

  4. June 30, 2026 · Entry 04

    Rule takes effect

    60 days after Federal Register publication.

    Today — 513 days until the compliance date

  5. January 1, 2028 · Entry 05

    Compliance date — data collection begins

    Uniform compliance date for the initial group of covered institutions. Replaces the original rule's tiered schedule.

  6. Jan 1 – Dec 31, 2028 · Entry 06

    Grace period

    CFPB generally will not assess penalties for data errors made in good faith during this window. Not a delay of the start date.

  7. June 1, 2029 · Entry 07

    First SBLAR filing deadline

    First Small Business Lending Application Register submission is due.

Read carefully

Litigation risk isn't fully closed

The 2026 revised final rule resolves the immediate legal challenges that produced the 2024–2025 extensions, but Section 1071 has already been the subject of multiple rounds of litigation. We aren't aware of a pending challenge to the May 2026 rule as of this writing, but further judicial review remains possible before January 1, 2028. Treat the dates on this page as the current regulatory reality, not an absolute guarantee — and check back, since we update this page whenever the CFPB or a court changes the picture.

The three dates that matter most

January 1, 2028 — data collection begins

The uniform compliance date for the initial group of covered institutions — those that originated 1,000 or more covered small business credit transactions in each of 2026 and 2027. This replaces the original 2023 rule's tiered schedule entirely.

January 1 – December 31, 2028 — the grace period

The CFPB generally will not assess penalties for data errors made during this window, provided the institution made good-faith compliance efforts. It is not a delay of the start date. See the grace period page for the full explanation.

June 1, 2029 — first SBLAR filing

The first Small Business Lending Application Register submission, covering data collected through calendar year 2028, is due. Details on what that filing requires are on the SBLAR filing page.

This is general information, not legal or compliance advice. Consult qualified counsel or a compliance professional for guidance specific to your institution.