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Final Rule
Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold
 
 
Document Citation:
82 FR 61145
Type:
Final Rule
Type Detail:
Final Rule
Publish Date:
Dec 27, 2017
Effective Date:
Jan 01, 2018
Source:
Source    Source
Document Citation:
82 FR 61145
Type:
Final Rule
Type Detail:
Final Rule
Publish Date:
Dec 27, 2017
Effective Date:
Jan 01, 2018
Source:
Source    Source
 

The Bureau of Consumer Financial Protection (Bureau) is issuing a final rule amending the official commentary that interprets the requirements of the Bureau's Regulation C (Home Mortgage Disclosure) to reflect the asset-size exemption threshold for banks, savings associations, and credit unions based on the annual percentage change in the average of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the 2.1 percent increase in the average of the CPI-W for the 12-month period ending in November 2017, the exemption threshold is adjusted to increase to $45 million from $44 million. Therefore, banks, savings associations, and credit unions with assets of $45 million or less as of December 31, 2017, are exempt from collecting data in 2018.

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