Agencies propose method to adjust threshold for exempting small loans from special appraisal requirements
Posted: Thu Jul 21, 2016 3:00 pm
Consumer Financial Protection Bureau
Federal Reserve Board of Governors
Office of the Comptroller of the Currency
For release at 11:00 a.m. EDT
July 22, 2016
Agencies Issue Proposal on Method to Adjust Threshold for Exempting Small Loans from Special Appraisal Requirements
The Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC) today issued a proposal detailing the method that will be used to make annual inflation adjustments to the threshold for exempting small loans from higher priced mortgage loan appraisal requirements.
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