Annual Adjustment of Fee-Based Trigger for Additional Mortgage Loan Disclosures
August 9, 2005
Circular No. 11724

To All Depository Institutions and Others
Concerned in the Second Federal Reserve District:

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 $528 for 2006 based on the annual percentage change reflected in the Consumer Price Index that was in effect on June 1, 2005.

The adjustment is effective January 1, 2006.

Press release OFFSITE
Board’s notice  PDF

Maryann Campbell
Supervising Examiner
Legal and Compliance Risk Department