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Home Mortgage Disclosure

Fed · final-rule · Published 2005-12-21 · Effective 2006-01-01 · 70 FR 75718

Document

Document number
E5-7579
Federal Register citation
70 FR 75718
CFR reference
12 CFR 203
Type
Rule
Action
Final rule; staff commentary.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2005-12-21
Effective date
2006-01-01
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 $34 million to $35 million reflects the increase of that index by 3.51 percent during the twelve-month period ending in November 2005. Thus, depository institutions with assets of $35 million or less as of December 31, 2005, are exempt from data collection in 2006.

Source

Authoritative
Federal Register document
Machine
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