Truth in Lending
type: GovernmentService
description: The Board is publishing a final rule amending the staff commentary that interprets the requirements of Regulation Z (Truth in Lending). The Board is required to adjust annually the dollar amount that triggers requirements for certain home mortgage loans bearing fees above a certain amount. The Home Ownership and Equity Protection Act of 1994 (HOEPA) sets forth rules for home-secured loans in which the total points and fees payable by the consumer at or before loan consummation exceed the greater of $400 or 8 percent of the total loan amount. In keeping with the statute, the Board has annually adjusted the $400 amount based on the annual percentage change reflected in the Consumer Price Index as reported on June 1st. The adjusted dollar amount for 2010 is $579.
date published: 2009-08-12
start time: 2010-01-01
provider: US Federal Reserve System
citation: DigitalDocument
license: https://creativecommons.org/publicdomain/zero/1.0/
source: https://www.federalregister.gov/documents/2009/08/12/E9-19254/truth-in-lending
source organization: US Federal Register
publisher: AI Analytics

PropertyValue
property ID: Federal Register Document Number
value: E9-19254

PropertyValue
property ID: Federal Register Citation
value: 74 FR 40477

PropertyValue
property ID: CFR Reference
value: 12 CFR 226

PropertyValue
property ID: Docket
value: Regulation Z

AI Analytics
type: Organization