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Annual Adjustment of Fee-Based Trigger for Additional Mortgage Loan Disclosures
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August 2, 2007
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| Circular No. 11884 | |
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The Federal Reserve Board has published its annual adjustment of the dollar amount that triggers additional disclosure requirements under the Truth in Lending Act for home mortgage loans that bear rates or fees above a certain amount. The dollar amount of the fee-based trigger has been adjusted to $561 for 2008 based on the annual percentage change reflected in the Consumer Price Index that was in effect on June 1, 2007. The adjustment is effective January 1, 2008. See the Board's press release for full details. Press release
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