United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2015_register executive 2015-11-26 article Rules and Regulations D09002ee1c7f6d96b D09002ee1c7f6da0a United States Department of the Treasury originator org United States Government Agency or Subagency United States Office of the Comptroller of the Currency originator org United States Government Agency or Subagency United States Federal Reserve System originator org United States Government Agency or Subagency United States Bureau of Consumer Financial Protection originator org United States Government Agency or Subagency The OCC, the Board and the Bureau are publishing final rules amending the official interpretations for their regulations that implement section 129H of the Truth in Lending Act (TILA). Section 129H of TILA establishes special appraisal requirements for "higher-risk mortgages," termed "higher-priced mortgage loans" or "HPMLs" in the agencies' regulations. The OCC, the Board, the Bureau, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) issued joint final rules implementing these requirements, effective January 18, 2014. The Agencies' rules exempted, among other loan types, transactions of $25,000 or less, and required that this loan amount be adjusted annually based on any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If there is no annual percentage increase in the CPI-W, the OCC, the Board and the Bureau will not adjust this exemption threshold from the prior year. Based on the annual percentage decrease in the CPI-W as of June 1, 2015, the exemption threshold will remain at $25,500 through December 31, 2016. 80 FR 73943 https://www.govinfo.gov/app/details/FR-2015-11-27/2015-30097 2015-30097 fr27no15-2 RIN 1557-AD99 RIN 3170-AA11 4810-33-P; 6210-01-P; 4810-AM-P Docket No. OCC-2015-0021 Docket No. R-1443 https://www.govinfo.gov/app/details/FR-2015-11-27/2015-30097 https://www.govinfo.gov/content/pkg/FR-2015-11-27/html/2015-30097.htm https://www.govinfo.gov/content/pkg/FR-2015-11-27/pdf/2015-30097.pdf Credit Unions Advertising Federal Reserve System Appraisal Appraiser Banks Banking Consumer Protection Credit Mortgages National Banks Reporting and Recordkeeping Requirements Savings Associations Truth in Lending 3 p. 73943 73945 80 FR 73943 Title 12 Part 1026 12 CFR Part 1026 Title 12 Part 226 12 CFR Part 226 Title 12 Part 34 12 CFR Part 34 RIN 1557-AD99 RIN 3170-AA11 Appraisals for Higher-Priced Mortgage Loans Exemption Threshold; Federal Register Vol. 80, Issue RULE 2015-30097 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM BUREAU OF CONSUMER FINANCIAL PROTECTION 2016-01-01 Docket No. OCC-2015-0021 Docket No. R-1443 4810-33-P; 6210-01-P; 4810-AM-P 2015-30097 Final rule; official interpretations; technical amendment.

The OCC, the Board and the Bureau are publishing final rules amending the official interpretations for their regulations that implement section 129H of the Truth in Lending Act (TILA). Section 129H of TILA establishes special appraisal requirements for "higher-risk mortgages," termed "higher-priced mortgage loans" or "HPMLs" in the agencies' regulations. The OCC, the Board, the Bureau, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) issued joint final rules implementing these requirements, effective January 18, 2014. The Agencies' rules exempted, among other loan types, transactions of $25,000 or less, and required that this loan amount be adjusted annually based on any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If there is no annual percentage increase in the CPI-W, the OCC, the Board and the Bureau will not adjust this exemption threshold from the prior year. Based on the annual percentage decrease in the CPI-W as of June 1, 2015, the exemption threshold will remain at $25,500 through December 31, 2016.

This final rule is effective January 1, 2016. OCC: Beth Knickerbocker, Counsel, Legislative & Regulatory Activities Division, at (202) 649-5490; for persons who are deaf and hard of hearing, TTY, (202) 649-5597. Credit Unions Advertising Federal Reserve System Appraisal Appraiser Banks Banking Consumer Protection Credit Mortgages National Banks Reporting and Recordkeeping Requirements Savings Associations Truth in Lending Appraisals for Higher-Priced Mortgage Loans Exemption Threshold , Vol. 80, no. 228 Office of the Federal Register, National Archives and Records Administration 2015-11-27 continuing daily deposited born digital 740 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2015-11-27 P0b002ee18e039191 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr27no15 https://www.govinfo.gov/app/details/FR-2015-11-27 https://www.govinfo.gov/content/pkg/FR-2015-11-27/pdf/FR-2015-11-27.pdf https://www.govinfo.gov/content/pkg/FR-2015-11-27/xml/FR-2015-11-27.xml fdlp 73943 74672 DGPO 2015-11-26 2024-06-02 FR-2015-11-27 machine generated eng FR FR-2015-11-27 80 228