12 CFR 226 - TRUTH IN LENDING (REGULATION Z) | LII / Legal Information Institute

prev | next

Authority: 12 U.S.C. 3806; 15 U.S.C. 1604, 1637(c)(5), and 1639(l); Pub. L. 111-24 § 2, 123 Stat. 1734; Pub. L. 111-203, 124 Stat. 1376.

Source: Reg. Z, 46 FR 20892, Apr. 7, 1981, unless otherwise noted.

Title 12 published on 2012-01-01

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

2012-11-21; vol. 77 # 225 - Wednesday, November 21, 2012

77 FR 69736 - Truth in Lending (Regulation Z)

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-27993
RIN	7100-AD94
Docket No.	1450
Docket No.	CFPB-2012-0043

FEDERAL RESERVE SYSTEM, BUREAU OF CONSUMER FINANCIAL PROTECTION

Final rules, official interpretations and commentary.

This final rule is effective January 1, 2013.

12 CFR Part 226

Summary

The Board and the Bureau are publishing final rules amending the official interpretations and commentary for the agencies' regulations that implement the Truth in Lending Act (TILA). Effective July 21, 2011, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended TILA by increasing the threshold for exempt consumer credit transactions from $25,000 to $50,000 and requiring that, on or after December 31, 2011, this threshold be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Accordingly, the exemption threshold was adjusted to $51,800 effective January 1, 2012. Based on the annual percentage increase in the CPI-W as of June 1, 2012, the Board and the Bureau are adjusting the exemption threshold from $51,800 to $53,000, effective January 1, 2013. Because the Dodd-Frank Act also requires similar adjustments in the Consumer Leasing Act's threshold for exempt consumer leases, the Board and the Bureau are making similar amendments to each of their respective regulations implementing the Consumer Leasing Act elsewhere in the Federal Register .

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

USC : Title 12 - BANKS AND BANKING

§ 3806 - Adjustable rate mortgage caps

USC : Title 15 - COMMERCE AND TRADE

§ 1604 - Disclosure guidelines

§ 1637 - Open end consumer credit plans

§ 1639 - Requirements for certain mortgages

Statutes at Large

123 Stat. 1734

124 Stat. 1376

124 Stat. 1639

Title 12 published on 2012-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 226 after this date.

2012-11-21; vol. 77 # 225 - Wednesday, November 21, 2012

77 FR 69736 - Truth in Lending (Regulation Z)

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-27993
RIN	7100-AD94
Docket No.	1450
Docket No.	CFPB-2012-0043

FEDERAL RESERVE SYSTEM, BUREAU OF CONSUMER FINANCIAL PROTECTION

Final rules, official interpretations and commentary.

This final rule is effective January 1, 2013.

12 CFR Part 226

Summary

The Board and the Bureau are publishing final rules amending the official interpretations and commentary for the agencies' regulations that implement the Truth in Lending Act (TILA). Effective July 21, 2011, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended TILA by increasing the threshold for exempt consumer credit transactions from $25,000 to $50,000 and requiring that, on or after December 31, 2011, this threshold be adjusted annually by any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Accordingly, the exemption threshold was adjusted to $51,800 effective January 1, 2012. Based on the annual percentage increase in the CPI-W as of June 1, 2012, the Board and the Bureau are adjusting the exemption threshold from $51,800 to $53,000, effective January 1, 2013. Because the Dodd-Frank Act also requires similar adjustments in the Consumer Leasing Act's threshold for exempt consumer leases, the Board and the Bureau are making similar amendments to each of their respective regulations implementing the Consumer Leasing Act elsewhere in the Federal Register .

2012-09-05; vol. 77 # 172 - Wednesday, September 5, 2012

77 FR 54722 - Appraisals for Higher-Risk Mortgage Loans

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-20432
RIN	1557-AD62
Docket No.	OCC-2012-0013
Docket No.	R-1443
Docket No.	CFPB-2012-0031

DEPARTMENT OF THE TREASURY, NATIONAL CREDIT UNION ADMINISTRATION, FEDERAL HOUSING FINANCE AGENCY, BUREAU OF CONSUMER FINANCIAL PROTECTION, BOARD OF GOVERNORS OF FEDERAL RESERVE SYSTEM, Office of the Comptroller of the Currency

Proposed rule; request for public comment.

Comments must be received on or before October 15, 2012, except that comments on the Paperwork Reduction Act analysis in part VIII of the Supplementary Information must be received on or before November 5, 2012.

12 CFR Parts 34 and 164

Summary

The Board, Bureau, FDIC, FHFA, NCUA, and OCC (collectively, the Agencies) are proposing to amend Regulation Z, which implements the Truth in Lending Act (TILA), and the official interpretation to the regulation. The proposed revisions to Regulation Z would implement a new TILA provision requiring appraisals for “higher-risk mortgages” that was added to TILA as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. For mortgages with an annual percentage rate that exceeds the average prime offer rate by a specified percentage, the proposed rule would require creditors to obtain an appraisal or appraisals meeting certain specified standards, provide applicants with a notification regarding the use of the appraisals, and give applicants a copy of the written appraisals used.

12 CFR 226 - TRUTH IN LENDING (REGULATION Z)

CFR Toolbox

Law about... Articles from Wex

Find a Lawyer

Get Involved