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Article: Annual adjustment in trigger amount for additional mortgage loan disclosures. (Announcements).(Brief Article)
- Article from:
- Federal Reserve Bulletin
- Article date:
- January 1, 2002
CopyrightCOPYRIGHT 2002 Board of Governors of the Federal Reserve System. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Federal Reserve Board published on November 14, 2001, its annual adjustment of the dollar amount that triggers additional disclosure requirements under the Truth in Lending Act for mortgage loans that bear rates or fees above a certain amount.
Under the revision to the Board's staff commentary to Regulation Z, the dollar amount of the fee-based trigger has been adjusted from $465 for 2001 to $480 for 2002 based on the annual percent ...
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