Final 2019 Lending Thresholds Released

On December 31, 2018, with the last few hours of 2018 quickly approaching, the Consumer Financial Protection Bureau has published the final lending threshold updates just in time for 2019. The updates include:

  • The HMDA asset-size exemption threshold, increased from $45 million to $46 million. The final rule is available here.
  • The Truth in Lending asset-size exemption for certain creditors to qualify for an exemption to the requirement to establish an escrow account for a higher-priced mortgage loan based on the annual percentage change in the average of the Consumer Price Index for Urban Wage Earners and Clerical Workers for the 12- month period ending in November. The exemption threshold is adjusted to increase from $2.112 billion to $2.167 billion. The final rule is available here.