# Truth in Lending
> **US Federal Reserve System** · Final rule, staff commentary. · Published 2011-06-20 · Effective 2012-01-01 · 76 FR 35722
## Document
- **Document number:** 2011-15178
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 76 FR 35722
- **CFR reference:** 12 CFR 226
- **Publication date:** 2011-06-20
- **Effective date:** 2012-01-01
- **Docket:** Regulation Z
## Abstract

The Board is publishing a final rule amending the staff commentary that interprets the requirements of Regulation Z, which implements the Truth in Lending Act (TILA). Effective July 21, 2011, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd- Frank Act) amends TILA by increasing the threshold for exempt consumer credit transactions from $25,000 to $50,000. In addition, the Dodd- Frank Act requires that this threshold be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Accordingly, based on the annual percentage increase in the CPI-W as of June 1, 2011, the Board is adjusting the exemption threshold from $50,000 to $51,800, effective January 1, 2012. Because the Dodd-Frank Act also requires similar adjustments in the Consumer Leasing Act's threshold for exempt consumer leases, the Board is making similar amendments to Regulation M elsewhere in today's Federal Register.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/06/20/2011-15178/truth-in-lending)
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