Events listed in Truth in Lending Act
Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold
ID 26455
The Bureau of Consumer Financial Protection has announced in the Federal Register the threshold adjustment outlined in regulation Z with regard to the establishment of mandatory escrow accounts for higher priced mortgage loans. In detail, creditors must establish an escrow account to set aside money for insurance premiums and property tax payments for higher priced mortgage loans, if their total assets at year end ...
Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, ...
ID 25028
On September 21, 2023, the Bureau of Consumer Financial Protection announced in the Federal Register upcoming changes of certain thresholds under Regulation Z (12 CFR Part 1026) which implements the Truth in Lending Act, to adjust these thresholds according to changes in the Consumer Price Index (CPI). Specifically, the Bureau announced the following: (1) For 2024, there will be no adjustment of the threshold ...