Consumer Leasing (Regulation M) Annual Threshold Adjustments
The dollar threshold for exempt consumer leases under Regulation M has increased from $61,000 to $66,400. This change will take effect on January 1, 2023.
Public regulatory intelligence
Rules intelligence
Focus on rules developments affecting Texas credit unions.
Start with the clearest developments below, then open the original source material when you need the governing detail. The source remains the authority.
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustments
- The dollar threshold for exemptions from special appraisal requirements for higher-priced mortgage loans has increased from $28,500 to $31,000.
- This change becomes effective January 1, 2023.
Truth in Lending (Regulation Z) Threshold Adjustments
The dollar threshold for exempt consumer credit transactions under Regulation Z has been increased from $61,000 to $66,400; this change takes effect on January 1, 2023.
Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed
The Truth in Lending Act applies to transactions where consumers purchase homes under a contract for deed. Credit unions need to ensure compliance with these regulations to protect consumer rights.
Quality Control Standards for Automated Valuation Models
The final rule implements quality control standards for the use of automated valuation models by mortgage originators and secondary market issuers. These standards aim to ensure accurate determination of collateral worth in mortgages secured...
Previous
Page 3