Original Source Material
This final rule increases the dollar threshold exempting certain credit extensions from the special appraisal requirements for higher-priced mortgage loans from $28,500 to $31,000, effective January 1, 2023.
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustments
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The brief below is a reading aid. The original source material and source link remain the governing reference.
Operational Brief
- 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.
Why It Matters for Texas Credit Unions
The article does not explicitly mention Texas or any Texas-specific entities. It is a general federal regulation applicable to all credit unions.
Bounded site guidance: This item is most likely relevant for credit unions with meaningful mortgage, home-equity, or consumer-real-estate activity.
Why this fit: The source language points to lending, mortgage, or fair-lending activity that usually matters most where those programs are active.
This is site guidance, not a formal determination. CFPB Final Rules and the original source material remain the governing reference.
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