Counsel

1557-AE08 201610 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1557 Comptroller of the Currency OCC 1500 Department of the Treasury TREAS Appraisals for Higher-Priced Mortgage Loans Exemption Threshold

The OCC, the FRB, and the CFPB issued a proposed rule amending the official interpretations for their regulations that implement section 129H of the Truth in Lending Act, which establishes special appraisal requirements for higher-risk mortgages.” The banking agencies, the CFPB, the NCUA and the FHFA issued joint final rules implementing these requirements, which exempted, among other loan types, transactions of $25,000 or less, and required that this loan amount be adjusted annually based on any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPIW). If there is no annual percentage increase in the CPIW, the OCC, the FRB and the CFPB will not adjust this exemption threshold from the prior year. The proposal would memorialize this as well as the calculation method for determining the adjustment in years following a year in which there is no annual percentage increase in the CPIW.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Final Rule Stage Undetermined No 12 CFR 34 12 U.S.C. 1 et seq. 12 U.S.C. 25b 12 U.S.C. 29 12 U.S.C. 93a 12 U.S.C. 371 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1465 12 U.S.C. 1701j-3 12 U.S.C. 1828(o) 12 U.S.C. 3331 et seq. 12 U.S.C. 5101 et seq. 12 U.S.C. 5412(b)(2)(b) 15 U.S.C. 1639h No NPRM 08/04/2016 81 FR 51394 NPRM Comment Period End 09/06/2016 Final Rule 11/00/2016 No None No No No No MaryAnn Nash Counsel 1557 Comptroller of the Currency OCC 202 649-6287 maryann.nash@occ.treas.gov Chief Counsel's Office, 400 7th Street SW, Washington DC 20219