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Bureau of Consumer Financial Protection —
12 CFR Chapter X

Part 1026 — Truth in Lending (Regulation Z)

[Click HERE for table of recent documents affecting this regulation.]

Subpart A--GENERAL

§ 1026.1—Authority, purpose, coverage, organization, enforcement, and liability.
§ 1026.2—Definitions and rules of construction.
§ 1026.3—Exempt transactions.
§ 1026.4—Finance charge.


§ 1026.5—General disclosure requirements.
§ 1026.6—Account-opening disclosures.
§ 1026.7—Periodic statement.
§ 1026.8—Identifying transactions on periodic statements.
§ 1026.9—Subsequent disclosure requirements.
§ 1026.10—Payments.
§ 1026.11—Treatment of credit balances; account termination.
§ 1026.12—Special credit card provisions.
§ 1026.13—Billing error resolution.
§ 1026.14—Determination of annual percentage rate.
§ 1026.15—Right of rescission.
§ 1026.16—Advertising.


§ 1026.17—General disclosure requirements.
§ 1026.18—Content of disclosures.
§ 1026.19—Certain mortgage and variable-rate transactions.
§ 1026.20—Disclosure requirements regarding post-consummation events.
§ 1026.21—Treatment of credit balances.
§ 1026.22—Determination of annual percentage rate.
§ 1026.23—Right of rescission.
§ 1026.24—Advertising.


§ 1026.25—Record retention.
§ 1026.26—Use of annual percentage rate in oral disclosures.
§ 1026.27—Language of disclosures.
§ 1026.28—Effect on state laws.
§ 1026.29—State exemptions.
§ 1026.30—Limitation on rates.


§ 1026.31—General rules.
§ 1026.32—Requirements for high-cost mortgages.
§ 1026.33—Requirements for reverse mortgages.
§ 1026.34—Prohibited acts or practices in connection with high-cost mortgages.
§ 1026.35—Requirements for Higher-Priced Mortgage Loans.
§ 1026.36—Prohibited acts or practices in connection with credit secured by a dwelling.
§ 1026.37—Content of disclosures for certain mortgage transactions (Loan Estimate).
§ 1026.38—Content of disclosures for certain mortgage transactions (Closing Disclosure).
§ 1026.39—Mortgage transfer disclosures.
§ 1026.40—Requirements for home equity plans.
§ 1026.41—Periodic statements for residential mortgage loans.
§ 1026.42—Valuation independence.
§ 1026.43—Minimum standards for transactions secured by a dwelling.
§§ 1026.44–1026.45—[Reserved]


§ 1026.46—Special disclosure requirements for private education loans.
§ 1026.47—Content of disclosures.
§ 1026.48—Limitations on private education loans.


§ 1026.51—Ability to Pay.
§ 1026.52—Limitations on fees.
§ 1026.53—Allocation of payments.
§ 1026.54—Limitations on the imposition of finance charges.
§ 1026.55—Limitations on increasing annual percentage rates, fees, and charges.
§ 1026.56—Requirements for over-the-limit transactions.
§ 1026.57—Reporting and marketing rules for college student open-end credit.
§ 1026.58—Internet posting of credit card agreements.
§ 1026.59—Reevaluation of rate increases.
§ 1026.60—Credit and charge card applications and solicitations.


Appendix A -- Effect on State Laws
Appendix B -- State Exemptions
Appendix C -- Issuance of Official Interpretations
Appendix D -- Multiple Advance Construction Loans
Appendix E -- Rules for Card Issuers That Bill on a Transaction-by-Transaction Basis
Appendix F -- Optional Annual Percentage Rate Computations for Creditors Offering Open-End Credit Plans Secured by a Consumer's Dwelling
Appendix G - -Open-End Model Forms and Clauses
Appendix H -- Closed-End Model Forms and Clauses
Appendix I to Part 1026 --[Reserved]
Appendix J -- Annual Percentage Rate Computations for Closed-End Credit Transactions
Appendix K -- Total Annual Loan Cost Rate Computations for Reverse Mortgage Transactions
Appendix L -- Assumed Loan Periods for Computations of Total Annual Loan Cost Rates
Appendix M1 -- Repayment Disclosures
Appendix M2 -- Sample Calculations of Repayment Disclosures
Appendix N -- Higher-Priced Mortgage Loan Appraisal Safe Harbor Review
Appendix O -- Illustrative Written Source Documents for Higher-Priced Mortgage Loan Appraisal Rules
Appendix P -- [Reserved]
Appendix Q -- Standards for Determining Monthly Debt and Income

Supplement I-- Official Interpretations [See Note]

Note: To facilitate use, applicable portions of Supplement I are included with sections of the regulation to which they apply. They are highlighted to distinguish them from the regulatory text.

CFPB Small Entity Compliance Guides and Other Resources

Small Entity Compliance Guide, TILA Escrow Rule
Small Entity Compliance Guide, Ability-to-Repay and Qualified Mortgage Rule
Small Entity Compliance Guide, 2013 Loan Originator Rule
Small Entity Compliance Guide, TILA HPML Appraisals
Small Entity Compliance Guide, ECOA Valuations rule
Small Entity Compliance Guide, 2013 HOEPA Rule
Small Entity Compliance Guide, RESPA and TILA Servicing Final Rules
Small Entity Compliance Guide, TILA-RESPA Integrated Disclosure rule
Guide to Forms: TILA-RESPA Integrated Disclosure rule
Disclosure Timeline illustration: TILA-RESPA Integrated Disclosure rule
Forms and Samples: Integrated Loan Disclosure rule

Authority: 12 U.S.C. 2601, 2603-2605, 2607, 2609, 2617, 5511, 5512, 5532, 5581; 15 U.S.C. 1601 et seq.

Recent documents affecting this regulation.
Documents Date Status Comments
80 FR 10417 2/24/15
published 2/26/15
Proposed rule Proposal would suspend for one year card issuers' obligations under Regulation Z § 1026.58(c) to submit credit card agreements to the Bureau to reduce burden while the Bureau works on as more streamlined and automated electronic submission system. Comments due by March 13, 2015.
80 FR 7769 1/29/15
published 2/11/15
Proposed rule Proposal would expand definitions of "small creditor" and "rural areas"; include mortgage affiliates in calculation of small-creditor status; adjust the qualifying period for rural or underserved creditor status; and extend the 1/10/16 sunset on section 1026.43(e)(6) balloon payment QMs to include applications received before 4/1/16. Some additional minor or technical corrections are included. Comments open through 3/30/15.
80 FR 8767 1/20/15; publ. 2/19/15 Final rule Finalizes proposal published 10/29/14 at 79 FR 64336. Delays deadline to third business day for revised Loan Estimates resulting from rate locks; adds Loan Estimate disclosure about revised estimates for some construction loans; makes some corrections to the final Integrated Disclosures rule; adds Integrated Disclosures to documents requiring LO name and NMLSR ID. Effective 8/1/15.
79 FR 77855
Final rule Amends asset threshold amount to $2.060 billion as one of the criteria for exemption from HPML escrow requirement. Also affects asset threshold for small creditor portfolio and balloon-payment qualified mortgages. Effective 1/1/15.
79 FR 78296
Publ. 12/30/14
Final rule First annual adjustment of threshold dollar amount for exemption from HPML appraisal requirements under § 1026.35(c)(2)(ii). The amount for 2015 is $25,500.
79 FR 74175
Publ. 12/15/14
Proposed rule Proposed amendments to mortgage servicing rules issued in 2013, clarifying, revising, or amending provisions regarding force-placed insurance notices, policies and procedures, early intervention, and loss mitigation requirements under Regulation X's servicing provisions; and periodic statement requirements under Regulation Z's servicing provisions. Changes requirements for dealing with successors at interest, bankrupts. Comments due March 16, 2015.
79 FR 77101
publ. 12/23/14; correction publ. 2/5/15
Proposed rule Proposal to add significant new consumer disclosure and protection to prepaid financial products under Regulations E and Z. Comments deadline 3/23/2015.
79 FR 65299 10/22/14; published 11/3/14 Final rule Finalizes April 2014 proposal. Minor adjustments to rules to help nonprofits continue to provide credit; adds qualified provision for refunding excess points and fees under QM rules to prevent violation of QM limits. Generally effective 11/3/2014.
79 FR 64336 10/10/14; published 10/29/14 Proposed rule Would allow extra day for revised Loan Estimates due to rate locks; add Loan Estimate disclosure about revised estimates for some construction loans; make some corrections to the final Integrated Disclosures rule in both Regs X and Z; add Integrated Disclosures to documents requiring LO name and NMLSR ID. Comments due 11/10/14.
79 FR 56483 9/9/14; published 9/22/2014 Final rule, eff. 1/1/15 Annual adjustment of threshold exemption amount for some provisions, to $54,600.
79 FR 48015 8/15/14 Final rule Annual review and adjustment of certain dollar amounts under CARD Act and HOEPA, effective 1/1/15.
79 FR 41631 7/8/14; published 7/17/14 Interpretive rule Application of Regulation Z's Ability-to-Repay Rule to Certain Situations Involving Successors-in-Interest, eff. 7/17/14; applicable 7/8/14
79 FR 25730 5/6/14 Proposed rule Would help certain nonprofit organizations continue providing mortgage credit and servicing. Proposes limited provision for refunding excess points and fees post-closing to keep QM status. 30-day comment period ends 6/5/14. Comments regarding correction or cure of debt-to-income ratio overages and the credit extension limit for the small creditor definition due by 7/7/14.
78 FR 70194 11/25/13 Final rule, eff. 1/1/2014 Annual adjustment of threshold exemption amount for some provisions, to $53,500.
78 FR 79730
FR Submission
Published 12/31/13
Final rule Final rule to implement integrated early and closing disclosures under RESPA and TILA. Effective August 1, 2015.
78 FR 62993
FR Submission
Published 10/23/13
Interim final rule Interim final rule to clarify application of servicing rules in Reg Z to loans in which the FDCPA or a consumer bankruptcy is involved, and certain other changes or corrections, including a clarification of the application of the HPML homeowners counseling requirement to loans that aren't subject to RESPA or to section 1026.40. Comments due 11/22/13.
78 FR 60381
FR Submission
Published 10/1/13
Final rule Finalizing proposal at 78 FR 39901. Fine-tuning and clarifying final mortgage rules. Tweaks of loan originator compensation rule (including a change in effective date to 1/1/14); added temporary exemptions connected to "rural" and "underserved"; clarification of the prohibition on creditor-financed insurance premiums; and other changes.
78 FR 44685 and 78 FR 45842 (correction)
FR Submission
Published 7/24/13
Final rule Finalizing corrections, clarifications and amendments to Ability-to-Repay and mortgage servicing rules first proposed 4/19/13 (see 78 FR 25638, below). Effective 1/10/14, except for amendment to § 1026.35(e), which is effective 7/24/13.
78 FR 48547
FR Submission
Published 8/8/2013
Proposed rule Agencies are publishing a "Supplemental Proposal" to amend the interagency appraisal rule in § 1026.35(c) to exempt (1) transactions secured by existing manufactured homes and not by land; (2) certain "streamlined" refinancings; and (3) transactions of $25,000 or less. Comments due by 9/9/2013.
78 FR 39901
FR Submission
Published 7/2/13
Proposed rule; Finalized 9/13/13 Second wave of proposed fine-tuning and clarifying changes to January 2013 final mortgage rules. Includes proposed changes clarifying, revising, or amending provisions relating to loan originator compensation, exemptions connected to "rural and underserved" areas, and the prohibition on creditor-financed credit insurance. Also includes a proposal to adjust the effective date for certain loan originator compensation rules. Comments due by 7/22/13.
78 FR 35429
FR Submission
Publ. 6/12/13
Final; eff. 1/10/14 Finalized rules to facilitate access to credit by creating specific exemptions and modifications to the Ability-to-Repay rule for small creditors, community development lenders, and housing stabilization programs. The amendments also revised rules on how to calculate loan origination compensation for certain purposes. Finalizes proposal at 78 FR 6621.
78 FR 32547
FR Submission
Published 5/31/13
Final; eff. 6/1/13 Delays until 1/10/14 the effective date of § 1026.36(i) prohibition on creditor financing of single premium credit insurance premiums in connection with certain consumer dwelling-secured credit transactions.
78 FR 30739
FR Submission
published 5/23/13
Final; eff. 6/1/13 (except § 1026.35(e)) Clarifying and technical amendments to the 2013 Final Escrow Rule (see 78 FR 23171 Proposed Rule below)
78 FR 27308
FR Submission
published 5/10/13
proposed rule; finalized by 78 FR 32547 (see above). Would temporarily delay the 6/1/13 effective date of § 1026.36(i), which has a prohibition on creditors financing single premium credit life insurance premiums in connection with certain consumer credit transactions secured by a dwelling. Comments due by May 25, 2013.
78 FR 25818
FR Submission
4/29/13; publ. 5/3/13 Final rule Finalizes proposal published 11/7/12 to amend § 1026.51 to eliminate, for consumers 21 and older, the requirement that card issuers consider only a consumer's independent ability to pay, and to permit issuers to consider income to which the consumer has a reasonable expectation of access. Effective 5/3/13, with compliance optional prior to 11/4/13.
78 FR 25638
FR Submission
Publ. 5/2/13
Proposed rule
Finalized 7/10/13
Proposal to clarify or correct provisions of the ATR/QM and Servicing Rules on (1) the relation to State law of Regulation X's servicing provisions; (2) the small servicer exemption from certain servicing rules; (3) the use of government-sponsored enterprise and Federal agency purchase, guarantee or insurance eligibility for determining qualified mortgage status; and (4) the determination of debt and income for purposes of originating qualified mortgages. Comments due by 6/3/13.
78 FR 23171
FR Submission
Published 4/18/13
Proposed rule
Finalized 78 FR 30739 (see above).
Proposal to "clarify" and make some technical corrections to the 2013 Escrow Rule issued 1/10/13 and published 1/22/13. Would restore consumer protections removed as unintended consequence of the 2013 Escrow Rule, until expanded protections are effective in January 2014. Comments due 15 days after FR publication (5/3/13).
78 FR 18795
FR Submission
published 3/28/2013
Final rule
Effective 3/28/2013
Final rule amending the § 1026.52 to undo changes by the FRB to expand 25% limit on fees for credit cards to include pre-opening fees (the latter was blocked by court action). Finalizes 4/12/12 proposal.
78 FR 11279
FR Submission
Published 2/15/2013
Final rule
Effective 1/10/2014 (but see Comment)
Final rule implementing requirements and restrictions imposed by the Dodd-Frank Act concerning loan originator compensation; qualifications of, and registration or licensing of loan originators; compliance procedures for depository institutions; mandatory arbitration (effective 6/1/2013); and the financing of single-premium credit insurance (effective 6/1/2013). Finalizes proposal at 77 FR 55727, without proposed requirement for no-fee, no points offering.
78 FR 10367
FR Submission
Published 2/13/2013
Final rule
Effective 1/18/2014
Final interagency rules establishing new DFA-mandated appraisal requirements for HPMLs. Requires written appraisals based on inspection of interior of a property, and a free copy of any appraisal report for the consumer. Also requires a second appraisal, free to the consumer, involving purchases of certain "flipped" properties. Finalizes proposal at 77 FR 54722.
78 FR 10901
FR Submission
Published 2/14/2013
Final rule
Effective 1/10/2014
Implements Dodd-Frank Act sections addressing initial rate adjustment notices for adjustable-rate mortgages, periodic statements for residential mortgage loans, prompt crediting of mortgage payments, and responses to requests for payoff amounts. This final rule also amends current rules governing the scope, timing, content, and format of disclosures to consumers regarding the interest rate adjustments of their variable-rate transactions. Finalizes proposal at 77 FR 57318.
78 FR 6621
FR Submission
1/10/2013 Published 1/30/2013 Proposed rule
Finalized 6/12/13 (78 FR 35429)
Would amend Ability-to-Repay rule to exempt certain nonprofit creditors and certain homeownership stabilization programs. Adds a Qualified Mortgage definition for certain portfolio loans by small creditors. Requests comment on the inclusion of loan originator compensation in the points and fees calculation. Comments due by 2/25/2013.
78 FR 6407
FR Submission
Published 1/30/2013
Final rule
Effective 1/10/2014
Ability-to-Repay rule. Establishes certain protections from liability under this requirement for "qualified mortgages." Also limits prepayment penalties. Finalizes proposal by FRB at 76 FR 27390.
78 FR 4725
[FR Submission; Text; PDF]
1/10/2013, published 1/22/2013 Final rule
Effective 6/1/2013
Implements statutory changes made by the Dodd-Frank Act that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained from 1 year to 5 years. Exempts certain transactions from the statute's escrow requirement. Finalizes FRB proposal at 76 FR 11598 (except disclosure provisions).
78 FR 6855 FR submission
1/10/2013; published 1/31/13 Final rule
Effective 1/10/2014
Expands the types of mortgage loans that are subject to the protections of HOEPA, revising and expanding the tests for coverage, and imposing additional restrictions on HOEPA mortgages, including a pre-loan counseling requirement. Finalizes proposal at 77 FR 49090.
77 FR 69738
[PDF; Text]
FR submission
Announced 11/20/12
Published 11/21/12
Final rule
Effective 1/1/2013
Official Interpretation amendment to increase the fee-based HOEPA trigger amount to $625.
77 FR 69736
[PDF; Text]
FR submission
Announced 11/20/12
Published 11/21/12
Final rule
Effective 1/1/2013
Final rule amending Reg Z to increase the dollar threshold for exempt consumer credit transactions (except private education loans and loans secured by real property) to $53,000.
77 FR 70105
[PDF; Text]
FR submission
Announced 11/16/12
Published 11/23/12
Final rule
Effective 11/23/12
Final rule amending Reg Z to temporarily exempt all parties from compliance with selected disclosure requirements added by Title XIV of the Dodd-Frank Act. The intent is to postpone the effective date of those provisions until after the Bureau has finalized its rule to integrate RESPA and TILA early and closing disclosures.
77 FR 66748
[Text; PDF]
FR submission
published 11/7/12 Proposed rule
Finalized 4/29/2013
Proposed rule would amend § 1026.51 and related Commentary to eliminate, for consumers 21 and older, the requirement that card issuers consider only a consumer’s independent ability to pay, and to permit issuers to consider income to which such consumers have a reasonable expectation of access. Comments by 1/7/13.
77 FR 55272
[Text; PDF]
FR submission
8/17/12, published 9/7/12 Proposed rule
Finalized 1/20/13
Proposed rule to "bring greater accountability to mortgage loan origination market." Would require no-point, no-fee loan offering and rate reduction for front end fees or points. Also, uniform qualification and screening standards for bank and non-bank MLOs, further reform MLO compensation limits, and restrict arbitration clauses and financing of credit insurance. Comments by 10/16/12.
77 FR 54722
[Text; PDF]
FR submission
8/15/12, published 9/5/12 Proposed rule
Finalized 1/18/13.
Proposed rule to establish new appraisal requirements for "higher-risk mortgage loans." Would require the use of a licensed or certified appraiser who provides a written report based on a physical inspection of the interior of the property. Also includes a provision designed to address fraudulent property "flipping." Comments due 10/15/12.
77 FR 57318
[Text; PDF]
FR submission
8/10/12, published 9/17/12 Proposed rule;
finalized 1/17/2013
Proposed rule to implement Dodd-Frank Act (DFA) TILA changes addressing initial rate adjustment notices for ARMs, periodic statements for residential mortgage loans, and prompt crediting of mortgage payments and responses to requests for payoff amounts. Comments by 10/9/12.
77 FR 51116
[Text; PDF]
FR submission
77 FR 54843 (comment extension)
7/9/12, published 8/23/12, extension published 9/6/12 Proposed rule
CFPB’s proposed rule to integrate early and loan closing disclosures under RESPA and TILA, and to change calculation of finance charge and APR for consumer mortgage loans, and delay certain DFA-mandated disclosures. Comments due by 9/7/12 (calculations and delayed disclosures) and 11/6/12 (RESPA/TILA integration). [Note:On 9/6/12, the CFPB published an extension to 11/6/12 of the comment period on proposed changes to the definition of the finance charge only.]
77 FR 49090
[PDF; Text]
FR submission
77 FR 54844 (comment extension)
7/9/12, published 8/15/12; extension published 9/6/12 Proposed rule
Finalized 1/10/2013
CFPB’s proposal to implement DFA amendments relating to high-cost mortgages and homeowner counseling requirements. Comments due by 9/7/12. [Note:On 9/6/12, the CFPB published an extension to 11/6/12 of the comment period on the proposed change to the high-cost mortgage coverage test, only.]
77 FR 33120 6/5/12 Reopening comments
Bureau reopens comment period on 5/11/11 FRB proposal relating to “ability to repay” and minimum mortgage underwriting standards. New comment deadline 7/9/12.
77 FR 21875 4/12/12 Proposal
Finalized 3/22/13
Proposal to amend § 1026.52(a) and Official Interpretations to remove pre-opening fees from those subject to a cap of 25% of initial open end credit line. Comments accepted through 6/11/12.
76 FR 79768 12/22/2011 Interim Final
Eff. 12/30/11
Interim final rule transferring rule from FRB . Comments accepted through 2/21/2012.
Previous (Federal Reserve) Federal Register documents affecting this regulation.
76 FR 43111 7/20/11 Final;
Eff. 7/20/11
Staff Commentary amendment to correct the mandatory compliance date (to 4/6/11) for the final rule on loan originator compensation to reflect the Administrative Stay in a federal court suit to delay implementation.
76 FR 35722 6/13/11 Final;
Eff. 1/1/2012
Staff Commentary amendment to set the 2012 threshold for the exemption for loans that are not private education loans or loans secured by real property or a dwelling at $51,800.
76 FR 35723 6/20/11 Final;
Eff. 1/1/2012
Staff Commentary amendment to increase the fee-based HOEPA trigger amount to $611.
76 FR 27390 5/11/11 Proposed; CFPB final rule issued 1/10/2013 Would require creditors to determine a consumer's ability to repay a mortgage before making the loan and would establish minimum mortgage underwriting standards. The rulemaking is required under Dodd-Frank Act amendments to the Truth in Lending Act. Comments due by 7/22/11. NOTE: Final rule will be issued by CFPB. CFBP reopened the comment period through 7/9/12 (see above).
76 FR 18354 4/4/2011 Final;
Eff. 7/21/11
Implements a Dodd-Frank Act amendment to TILA to change the threshold for the exemption for loans that are not private education loans or loans secured by real property or a dwelling from $25,000 to $50,000, and adds an inflation adjustment mechanism.
76 FR 22948 &
76 FR 31221 (corrections)
4/25/11 & 5/31/11 Final;
Eff. 10/1/11
Earlier compliance permitted
Clarifies aspects of prior rules implementing the Credit CARD Act of 2009. Enhances protections for consumers and resolves uncertainties in regulation.
76 FR 11598 3/2/11 Proposed;
Comments by
CFPB final rule issued 1/10/13 (escrow disclosure provisions delayed)
This proposal would implement certain amendments to TILA made by the Dodd-Frank Act, including changes that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained. In addition, the proposal would implement TILA's disclosure requirements regarding escrow accounts. The proposal also would exempt certain loans from the statute's escrow requirement.
76 FR 11319 3/2/11 Final
Eff. 4/1/11
Final rule implementing §  1461 of Dodd-Frank Act, which provides separate, higher rate threshold for the Board's escrow requirement for Jumbo HPMLs (those larger than the maximum principal obligation eligible for purchase by Freddie Mac). Finalized proposal of 9/24/10 proposal at 75 FR 58505.
75 FR 81836 12/29/10 Interim
Eff. 1/30/11
Comp. 10/1/11
This interim rule revises the Board's interim rule published on 9/24/10 at 75 FR 58470 (see above) to clarify certain provisions of the 9/24/10 interim rule. Specifically, this rule clarifies the requirements for adjustable-rate transactions that are "5/1 ARM" loans. It corrects the requirements for interest-only loans to clarify that the disclosures should reflect the date of the interest rate change rather than the date the first payment is due under the new rate. This interim rule also revises the definition of "negative amortization loans" to clarify which transactions are covered by the special disclosure requirements for such loans.
75 FR 78636 12/16/10 Proposed;
Final rule published
Would implement DFA mandate to increase the dollar amount above which certain consumer loan transactions are exempt from Regulation Z from $25,000 to $50,000, and establish an annual inflation adjustment for that amount.
75 FR 67458 11/2/10 Finalized 4/25/11 Proposal to clarify final rules implementing the Credit CARD Act published on 2/22/10 and 6/29/10 regarding open-end (not home-secured) credit plans.
75 FR 66554 &
75 FR 80675
10/28/10 &
12/23/10 (corrections)
Interim Final;
Eff. 12/27/10;
Comp. 4/1/11
New TILA § 129E. Requirements for appraisal independence. Requires appraisers receive "customary and reasonable" fees.
75 FR 58539 9/24/10 Proposed;
Withdrawn. See 2/1/11 Press Release.
Issued as part of Fed's review of rules for home-secured credit. Would change rescission rules, and change the rules for determining when a modification of a closed-end mortgage loan is a new transaction. It would also amend rules for determining when a loan is a "higher-priced" mortgage loan under § 226.35, and provide for the refund of certain fees. Also would affect disclosures and advertising for reverse mortgages and prohibit certain practices in connection with reverse-mortgages.
75 FR 58505 9/24/10 Proposed;
Finalized 3/2/11
Would implement § 1461 of DFA, which provides separate, higher threshold for mandatory escrow for jumbo loans.
75 FR 58509 9/24/10 Final;
Eff. 4/1/11
Imposes loan originator compensation rules in closed-end consumer transactions secured by a dwelling, if application is received after effective date. Note: See Final Rule published 7/20/11 amending the compliance date for this rule to 4/6/11.
75 FR 58489 9/24/10 Final;
Eff. 1/1/11;
Comp. optional before 1/1/11
Replaces interim rule under § 131(g) of TILA. Requires purchaser or assignee that acquires a mortgage loan secured by consumer's principal dwelling to provide the consumer disclosures about the transfer within 30 days.
75 FR 58470 9/24/10 Interim;
Eff. 10/25/10;
Comp. 1/30/11
Implements MDIA requirements for disclosure of summary info on interest rate and payment changes, in tabular format, and a "no guarantee of refinanding" statement. Applies only to consumer credit secured by real property or a dwelling.
75 FR 46837 8/4/10 Final;
Eff. 1/1/11
Staff Commentary amendment increasing HOEPA fees trigger to $592
75 FR 37526 &
75 FR 44093
6/29/10 &
7/28/10 (corrections)
Comp. Date 8/22/10
Implements Credit CARD Act; Reasonable penalty fees; reevaluation of APR increases
75 FR 7658 2/22/10 Final:
Eff. 2/22/10;
Comp. Date 2/22/10 &
Implements Credit CARD Act; New substantive and disclosure practices for open-end credit, including credit card accounts. Limits application of increased rates to existing balances; requires issuers to consider consumer's ability to make required payments; establishes special requirements for extensions of credit to consumers under age of 21; limits overlimit fees on card accounts.
74 FR 36077 7/22/09 Interim Final:
Eff. 8/20/09;
Amends Reg Z and Commentary to implement provisions of the Credit CARD Act that are effective 8/20/2009, primarily pertaining to advance notices of rate increases and changes in terms and the time consumers are given to make their payments.

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