Original Content
The Bureau is required to calculate annually the dollar amounts for several provisions in Regulation Z; this final rule revises dollar amounts for certain provisions implementing TILA and amendments to TILA.
Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages)
AI Summary
The Bureau has revised the dollar amounts for certain provisions in Regulation Z implementing Truth in Lending Act (TILA), including adjustments for credit cards, Home Ownership and Equity Protection Act (HOEPA) loans, and Qualified Mortgages. These changes take effect on January 1, 2024.
Texas Relevance
The article does not explicitly mention Texas or any Texas-specific entities. The changes are applicable nationwide.