In the August 19, 2020, issue of the Federal Register (85 FR 50944), the Consumer Financial Protection Bureau established the following 2021 thresholds for high-cost and qualified mortgages under §§1026.32 and 1026.43, respectively. Full Memorandum
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Regulation Z HOEPA and Qualified Mortgage Annual Threshold Adjustments
In the August 1, 2019, issue of the Federal Register (84 FR 37565), the Consumer Financial Protection Bureau established the following 2020 thresholds for high-cost and qualified mortgages under §§1026.32 and 1026.43, respectively. Full Memorandum
Regulation Z HOEPA and Qualified Mortgage Annual Threshold Adjustments
In the August 30, 2017, issue of the Federal Register (82 FR 41158, click here), the Consumer Financial Protection Bureau established the following 2018 thresholds for high-cost and qualified mortgages under §§1026.32 and 1026.43, respectively. HOEPA (High-cost...
Regulation Z HOEPA and Qualified Mortgage Annual Threshold Adjustments
In the June 27, 2016, issue of the Federal Register (81 FR 41418), click here, the Consumer Financial Protection Bureau established the following 2017 thresholds for high-cost and qualified mortgages under §§1026.32 and 1026.43, respectively. HOEPA (High-cost...
Regulation Z HOEPA and Qualified Mortgage Annual Threshold Adjustments
In the August 15, 2014 issue of the Federal Register (79 FR 48015), click here, the Consumer Financial Protection Bureau established the following 2015 thresholds for high-cost and qualified mortgages under §§1026.32 and 1026.43, respectively. HOEPA (High-cost...
Regulation Z Threshold Amounts Raised for Exempt Transactions and Points and Fees for HOEPA Loans, Effective January 1, 2013
Threshold Amount Raised for Exempt Transactions under Regulation Z In the November 21, 2012, issue of the Federal Register (77 FR 69736 - click here) the Board of Governors of the Federal Reserve System (FRB) and the Consumer Financial Protection Bureau (CFPB)...
Proposed Rule Amending Regulation Z HOEPA Loan Coverage – Comment Period Extended By Consumer Financial Protection Bureau
On August 15, 2012, this firm issued a memorandum (click here) on the proposed rule to amend the HOEPA Loan Coverage in §1026.32(a)(1)(i) and (b)(1)(i) of Regulation Z, which was published in the August 15, 2012 issue of the Federal Register by the Consumer Financial...
Proposed Regulation Z and Regulation X Rules Published Today Regarding HOEPA Loans and Homeownership Counseling
In today's issue of the Federal Register (Vol. 77 No. 158), the Bureau of Consumer Financial Protection (CFPB) officially published the proposed rule "High-Cost Mortgage and Homeownership Counseling Amendments to the Truth in Lending Act (Regulation Z) and...
Regulation Z Amended to Increase Threshold Amount for (1) Exempt Transactions, and (2) HOEPA Points and Fees (76 FR 35722 – 35724)
In the June 20, 2011 issue of the Federal Register the Federal Reserve Board (FRB) published final rules increasing the threshold amounts for the following transactions: Exempt Consumer Credit Transactions Effective July 21, 2011, the Dodd-Frank Act amends TILA by...
Regulation Z Amendments – Sections 226.32 and 226.34 and new Section 226.35 (HOEPA Loans and Higher-Priced Mortgage Loans)
On July 30, 2008, the Board of Governors of the Federal Reserve System ("Board") published in the Federal Register (pages 44522 - 44614) its final rule (the "final rule") amending Regulation Z and its Official Staff Interpretations in Supplement I to Regulation Z...