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CFPB RIN: 3170-AA12 Publication ID: Fall 2011 
Title: ●Disclosure Rules and Substantive Protection for Certain High Cost Mortgage Loans (Regulation Z) 
Abstract: The CFPB is developing proposed regulations to implement the amendments made by subtitle C of title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to the Truth in Lending Act (TILA) and, specifically, to the high-cost mortgage provisions added to TILA by the Home Ownership and Equity Protection Act of 1994 (HOEPA). HOEPA imposes substantive restrictions on, and requires additional disclosures for, certain high-cost mortgage loans (HOEPA loans). The amendments made by the Dodd-Frank Act expand the scope of HOEPA coverage, by, among other changes: including home-purchase loans and open-end credit plans (including home equity lines of credit); revising the thresholds that trigger HOEPA coverage including the annual percentage rate triggers and the "points and fees" trigger; and covering loans with prepayment penalties that exceed certain thresholds or that extend beyond 36 months after the closing of the loan. The amendments also add certain restrictions and requirements with regard to HOEPA loans including: prohibiting the financing, directly or indirectly, of any points and fees; prohibiting prepayment penalties and, in most circumstances, balloon payments; and requiring pre-loan counseling for consumers. The CFPB expects to issue proposed regulations implementing the new requirements of HOEPA. 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 226    12 CFR 1026   
Legal Authority: 15 USC 1602    15 USC 1639   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/00/2012    
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Paul Ceja
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700