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Home Mortgage Disclosure

Fed · final-rule · Published 2004-12-27 · Effective 2005-01-01 · 69 FR 77139

Document

Document number
04-28215
Federal Register citation
69 FR 77139
CFR reference
12 CFR 203
Type
Rule
Action
Final rule; staff commentary.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2004-12-27
Effective date
2005-01-01
Docket
Regulation C

Abstract

The Board is publishing a final rule amending the staff commentary that interprets the requirements of Regulation C (Home Mortgage Disclosure). The staff commentary is amended to increase the asset-size exemption threshold for depository institutions based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers. The adjustment from $33 million to $34 million reflects the increase of that index by 2.45 percent during the twelve-month period ending in November 2004. Thus, depository institutions with assets of $34 million or less as of December 31, 2004, are exempt from data collection in 2005.

Source

Authoritative
Federal Register document
Machine
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