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CFPB Announces Asset-Size Exemption Thresholds Under the Truth-in-Lending Act

The CFPB announced the asset-size exemption threshold for creditors under the Truth-in-Lending Act (TILA). The asset-size exemption threshold pertains to TILA’s higher-priced mortgage loan escrow requirements, small-creditor portfolio and balloon-payment qualified mortgage requirements, and prohibition against balloon-payment high-cost mortgages. For 2017, the asset-size exemption threshold is increased to $2.069 billion (from $2.052 billion).

Click here to view the CFPB Notice of Asset-Size Exemption Thresholds for HMDA and TILA

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