# Truth in Lending
> **US Federal Reserve System** · Notice of adjustment of dollar amount. · Published 1996-01-31 · Effective 1996-01-01 · 61 FR 3177
## Document
- **Document number:** 96-1859
- **Category:** notice
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 61 FR 3177
- **CFR reference:** 12 CFR 226
- **Publication date:** 1996-01-31
- **Effective date:** 1996-01-01
- **Docket:** Regulation Z
## Abstract

The Board is publishing an adjustment to the dollar amount that triggers certain requirements of Regulation Z (Truth in Lending) for mortgages bearing fees above a certain amount. The Home Ownership and Equity Protection Act of 1994 sets forth rules for creditors offering home-secured loans with total points and fees payable by the consumer at or before loan consummation that exceed the greater of $400 or 8 percent of the total loan amount. The Board is required to annually adjust the $400 amount based on the annual percentage change in the Consumer Price Index as reported on June 1. The Board has adjusted the dollar amount from $400 to $412.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/01/31/96-1859/truth-in-lending)
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