Truth in Lending Act (Regulation Z) Adjustment to the Asset-Size Exemption Threshold for Higher-Priced Mortgage Loans


Federal Reserve Bank of San Francisco

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January 20, 2015

On December 29, 2014, the Consumer Financial Protection Bureau (CFPB) amended the official commentary that interprets the requirements of Regulation Z (Truth in Lending Act) to reflect a change in the asset-size threshold for certain creditors to qualify for an exemption to the requirement to establish an escrow account for a higher-priced mortgage loan.