The Securities and Exchange Commission (SEC) said today that it is seeking public comment on proposed regulations to require ABS issuers and credit rating agencies that rate ABS to provide investors with new disclosures about representations, warranties, and enforcement mechanisms.

Section 943 of the Dodd-Frank Act mandates the SEC to prescribe regulations on the use of representations and warranties in the ABS market by Jan. 14, 2011, wchih is 180 days after enactment. A complete list of regulatory actions taken to date as required by the Dodd-Frank Act is available on the SEC’s Web site.

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