threshold

CFPB/Fed/OCC increase exemption thresholds for appraisal requirement, Regs Z and M

By John L. Culhane, Jr. & Richard J. Andreano, Jr. on November 14, 2023

Posted in CFPB, Regulatory and Enforcement

The CFPB, Fed, and OCC have announced that they are increasing three exemption thresholds that are subject to annual inflation adjustments. Effective January 1, 2024 through December 31, 2024, these exemption thresholds are increased as follows:

Smaller loans exempt from the appraisal requirement for “higher-priced mortgage loans” are increased from $31,000 to $32,400.

CFPB amends commentary on adjustments to exemption thresholds; makes no changes to 2017 thresholds

By Barbara S. Mishkin on November 28, 2016

Posted in CFPB Rulemaking, Regulatory and Enforcement

The CFPB has adopted changes to its Reg Z commentary to memorialize the calculation methods used each year to adjust the thresholds for exempt consumer credit transactions and for transactions exempt from the special appraisal requirements for higher-priced mortgage loans and to its Reg M commentary to memorialize the calculation method used each year to adjust the threshold for exempt consumer leases. … Continue Reading