Annual Adjustment of Fee-Based Trigger for Additional Mortgage Loan Disclosures
August 6, 2008
Circular No. 11976

The Federal Reserve Board has published its annual adjustment of the dollar amount of fees 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 $583 for 2009 based on the annual percentage change reflected in the Consumer Price Index that was in effect on June 1, 2008.

The adjustment is effective January 1, 2009.

See the Board’s press release for full details.

Press release offsite