# Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustment-Final Rule
> **US Federal Reserve System** · Final rule; official staff interpretations; technical amendment. · Published 2014-12-30 · Effective 2015-01-01 · 79 FR 78296
## Document
- **Document number:** 2014-30419
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 79 FR 78296
- **CFR reference:** 12 CFR 34
- **Publication date:** 2014-12-30
- **Effective date:** 2015-01-01
- **Docket:** Docket No. OCC-2014-0027
## Abstract

The OCC, the Board and the Bureau are publishing final rules amending the official staff interpretations for their regulations that implement section 129H of the Truth in Lending Act (TILA). Section 129H of TILA establishes special appraisal requirements for "higher-risk mortgages," termed "higher-priced mortgages" or "HPMLs" in the agencies' regulations. The OCC, the Board, the Bureau, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) issued joint final rules implementing these requirements, effective January 18, 2014. The Agencies' rules exempted, among other loan types, transactions of $25,000 or less, and required that this loan amount be adjusted annually based on any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the annual percentage increase in the CPI-W as of June 1, 2014, the OCC, the Board and the Bureau are adjusting the exemption threshold to $25,500, effective January 1, 2015.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2014/12/30/2014-30419/appraisals-for-higher-priced-mortgage-loans-exemption-threshold-adjustment-final-rule)
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