TILA Higher-Priced Mortgage Loan Escrow Rule
This rule amends Regulation Z (Truth in Lending) to implement certain amendments to the Truth in Lending Act made by the Dodd-Frank Act. The rule implements statutory changes made by the Dodd-Frank Act that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained. The rule also exempts certain transactions from the statute’s escrow requirement.
Amendments and corrections
Higher-Priced Mortgage Loan Escrow Exemption (Regulation Z) – Feb. 17, 2021
Operations in Rural Areas under the Truth in Lending Act – Mar. 25, 2016
Amendments to the 2013 Mortgage Rules Under the Equal Credit Opportunity Act (Regulation B), Real Estate Settlement Procedures Act (Regulation X), and the Truth in Lending Act (Regulation Z) – Oct. 1, 2013
Proposed Rules with request for comment
The asset-size exemption thresholds in 12 CFR 1026.35(b)(2)(iii)(C) and 1026.35(b)(2)(vi)(A) adjust annually for inflation. See Regulation Z, comments 35(b)(2)(iii)-1.iii.E and 35(b)(2)(vi)(A)-1 for information on the current thresholds.