CFPB announces asset-size threshold adjustments under HMDA (Regulation C) and TILA (Regulation Z)

Consumer Financial Protection Bureau <donotreply@info.consumerfinance.gov> Unsubscribe

Mon, Dec 23, 5:48 PM (7 days ago)

from Addaipatrick517 to the wold

Good afternoon, The Bureau has announced the asset-size exemption thresholds for depository institutions under Regulation C.  The Bureau has also announced the asset-size exemption thresholds for certain creditors under the escrow requirements and small creditor portfolio and balloon-payment qualified mortgage requirements, and the small creditor exemption from the prohibition against balloon-payment high-cost mortgages under Regulation Z.  These adjustments are effective on January 1, 2020, consistent with relevant statutory or regulatory provisions. You can access the Regulation C notice at: http://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/home-mortgage-disclosure-regulation-c-adjustment-asset-size-exemption-threshold/. You can access the Regulation Z notice at: http://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/truth-lending-act-regulation-z-adjustment-asset-size-exemption-threshold/. Thank you, Consumer Financial Protection Bureau