{"abstract":"The Bureau of Consumer Financial Protection (Bureau) is amending the official commentary that interprets the requirements of the Bureau's Regulation Z (Truth in Lending) to reflect a change in the asset-size threshold for certain creditors to qualify for an exemption to the requirement to establish an escrow account for a higher-priced mortgage loan. This amendment is based on the annual percentage change in the average of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the 1.6 percent increase in the average of the CPI-W for the 12-month period ending in November 2019, the exemption threshold is adjusted to $2.202 billion from $2.167 billion. Therefore, creditors with assets of less than $2.202 billion (including assets of certain affiliates) as of December 31, 2019, are exempt, if other requirements of Regulation Z also are met, from establishing escrow accounts for higher-priced mortgage loans in 2020.","action":"Final rule; official interpretation.","agencies":[{"raw_name":"BUREAU OF CONSUMER FINANCIAL PROTECTION","name":"Consumer Financial Protection Bureau","id":573,"url":"https://www.federalregister.gov/agencies/consumer-financial-protection-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/573","parent_id":null,"slug":"consumer-financial-protection-bureau"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2019/12/23/2019-27523.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1026,"title":12}],"citation":"84 FR 70410","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This rule is effective on January 1, 2020.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2019-27523","effective_on":"2020-01-01","end_page":70413,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2019/12/23/2019-27523.xml","html_url":"https://www.federalregister.gov/documents/2019/12/23/2019-27523/truth-in-lending-act-regulation-z-adjustment-to-asset-size-exemption-threshold","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2019-27523?publication_date=2019-12-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2019-12-23/2019-27523/mods.xml","not_received_for_publication":null,"page_length":4,"page_views":{"count":3243,"last_updated":"2026-07-26 14:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-12-23/pdf/2019-27523.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-27523.pdf?1576763127","publication_date":"2019-12-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2019/12/23/2019-27523.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"supporting_documents":[],"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=CFPB-2019-0010","supporting_documents_count":0,"docket_id":"CFPB-2019-0010","regulation_id_number":null,"title":"2019 Notices","checked_regulationsdotgov_at":"2019-12-25T04:30:08Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":70410,"subtype":null,"title":"Truth in Lending Act (Regulation Z) Adjustment To Asset-Size Exemption Threshold","toc_doc":"Truth in Lending Act Adjustment to Asset-Size Exemption Threshold","toc_subject":null,"topics":["Advertising","Consumer protection","Credit","Credit unions","Mortgages","Reporting and recordkeeping requirements","Savings associations"],"type":"Rule","volume":84}