Regulations Z & M Threshold Updated

The threshold to exempt consumer credit (Reg Z) and consumer leases (Reg M) from the applicable regulatory Amy11requirements increases to $53,500 on January 1, 2014.  This is up from the 2013 threshold of $53,000.  This means any consumer credit and/or consumer lease transactions greater than $53,500 are NOT subject to Reg Z and Reg M requirements.  However, private education loans and loans secured by real property (such as mortgages) are subject to the Truth in Lending Act regardless of the amount of the loan.

Amy Kudlacek

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