Agencies Issue Exemption Threshold Adjustments

The CFPB, Federal Reserve Board, and the OCC have published in the November 30, 2021, Federal Register final rules making inflation adjustments in exemption thresholds under Regulations M and Z. All of the adjustments will be effective for calendar year 2022:

  • The three agencies issued a final rule increasing the exemption threshold from the special appraisal requirements for higher-priced mortgage loans (HPMLs) from $27,200 to $28,500.
  • The Board and the CFPB posted a final rule increasing the threshold for exempt consumer leases under Regulation M from $58,300 to $61,000.
  • The Board and the CFPB published a final rule increasing the threshold for exempt consumer credit transactions under Regulation Z from $58,300 to $61,000.
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