The Consumer Financial Protection Bureau (CFPB) issued a final rule amending the official interpretations for Regulation Z, the implementing regulation for the Truth-in-Lending Act (TILA).

As required annually by statute, the rule revises the dollar amounts for certain provisions impacting credit cards, Home Ownership and Equity Protection Act (HOEPA) loans, and qualified mortgages (QMs).

The dollar amounts are adjusted based on the annual percentage change reflected in the Consumer Price Index in effect on June 1, 2022. For open-end consumer credit plans under TILA, the threshold that triggers requirements to disclose minimum interest charges remained unchanged at $1. For HOEPA loans, the adjusted total loan amount threshold for high-cost mortgages is $24,866, and the adjusted points-and-fees dollar amount trigger is $1,243.

For QMs under the general QM loan definition, the thresholds for the spread between the annual percentage rate and the average prime offer rate are:

• 2.25 or more percentage points for a first-lien covered transaction with a loan amount greater than or equal to $124,331.
• 3.5 or more percentage points for a first-lien covered transaction with a loan amount greater than or equal to $74,599 but less than $124,331.
• 6.5 or more percentage points for a first-lien covered transaction with a loan amount less than $74,599.
• 6.5 or more percentage points for a first-lien covered transaction secured by a manufactured home with a loan amount less than $124,331.
• 3.5 or more percentage points for a subordinate-lien covered transaction with a loan amount greater than or equal to $74,599.
• 6.5 or more percentage points for a subordinate-lien covered transaction with a loan amount less than $74,599.

  For all categories of QMs, the thresholds for total points and fees are:

• 3 percent of the total loan amount for a loan greater than or equal to $124,331.
• $3,730 for a loan amount greater than or equal to $74,599 but less than $124,331.
• 5 percent of the total loan amount for a loan greater than or equal to $24,866 but less than $74,599.
• $1,243 for a loan amount greater than or equal to $15,541 but less than $24,866.
• 8 percent of the total loan amount for a loan amount less than $15,541.

The new thresholds became effective Jan. 1.