Reg Z & Reg M Thresholds Effective January 1

Just in case you forgot, the threshold to exempt consumer credit (Reg Z) and consumer leases (Reg M) from the applicable requirements increases to $51,800 on January 1, 2012.  This Amy11means that any consumer credit and/or consumer lease transactions equal to or less than this threshold amount are subject to the applicable requirements.  Thus, consumer purpose credit or leases greater than these minimums are not subject to Reg Z, unless secured by real estate.  Refer to §1026.3(b) – or the “old” 226.3(b).

Amy Kudlacek

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