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CFPB adjusts TILA, appraisal thresholds for 2020
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Banking
Friday, November 1, 2019
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Federal regulators recently announced statutorily required dollar-threshold adjustments for Regulation Z (Truth in Lending Act) and Regulation M (Consumer Leasing Act). Regulators also jointly finalized rules raising the exemption threshold for higher-priced loans to be subject to special appraisal requirements.
The thresholds are adjusted annually in accordance with applicable statutory amendments implemented by the Dodd-Frank Act.
Find out more details about the adjusted thresholds.
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