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 2016_register executive 2016-08-04 article Proposed Rules D09002ee1c7f51398 D09002ee1c7f514b8 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 proposed 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. The proposal would memorialize this as well as the agencies' calculation method for determining the adjustment in years following a year in which there is no annual percentage increase in the CPI-W. 81 FR 51394 https://www.govinfo.gov/app/details/FR-2016-08-04/2016-18058 2016-18058 fr04au16-27 RIN 1557-AD99 RIN 3170-AA11 4810-33-P; 6210-01-P; 4810-AM-P Docket No. OCC-2015-0021 Docket No. R-1443 Docket No. CFPB-2016-0035 https://www.govinfo.gov/app/details/FR-2016-08-04/2016-18058 https://www.govinfo.gov/content/pkg/FR-2016-08-04/html/2016-18058.htm https://www.govinfo.gov/content/pkg/FR-2016-08-04/pdf/2016-18058.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 7 p. 51394 51400 81 FR 51394 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. 81, Issue PRORULE 2016-18058 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM BUREAU OF CONSUMER FINANCIAL PROTECTION 2016-09-06 Docket No. OCC-2015-0021 Docket No. R-1443 Docket No. CFPB-2016-0035 4810-33-P; 6210-01-P; 4810-AM-P 2016-18058 Proposed rule; request for public comment.

The OCC, the Board and the Bureau are publishing proposed 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. The proposal would memorialize this as well as the agencies' calculation method for determining the adjustment in years following a year in which there is no annual percentage increase in the CPI-W.

Comments must be received on or before September 6, 2016. OCC: MaryAnn Nash, Counsel, Legislative and Regulatory Affairs Division, (202) 649-6287; for persons who are deaf and hard of hearing TTY, (202) 649-5597. Board: Lorna M. Neill, Senior Counsel, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, at (202) 452-3667; for users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263-4869. 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 , FederalRegisterComments@cfpb.gov regs.comments@federalreserve.gov regs.comments@occ.treas.gov http://www.federalreserve.gov http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm http://www.regulations.gov regulations.gov Vol. 81, no. 150 Office of the Federal Register, National Archives and Records Administration 2016-08-04 continuing daily deposited born digital 485 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2016-08-04 P0b002ee1907a4a22 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr04au16 https://www.govinfo.gov/app/details/FR-2016-08-04 https://www.govinfo.gov/content/pkg/FR-2016-08-04/pdf/FR-2016-08-04.pdf https://www.govinfo.gov/content/pkg/FR-2016-08-04/xml/FR-2016-08-04.xml fdlp 51297 51772 DGPO 2016-08-04 2024-06-01 FR-2016-08-04 machine generated eng FR FR-2016-08-04 81 150