Appraisals for Higher-Priced Mortgage Loans Exemption - November 2015

CFPB

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Federal Register / Vol. 80, No. 228 / Friday, November 27, 2015 / Rules and Regulations 73945 for which a general notice of proposed rulemaking was published.12 As discussed above, the OCC has determined that the publication of a general notice of proposed rulemaking is unnecessary. Paragraph 34.203(b)(2) 1. Threshold Amount.

* * * iii. From January 1, 2016, through December 31, 2016, the threshold amount is $25,500. List of Subjects BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Supplement I to Part 1026—Official Interpretations Authority and Issuance * For the reasons set forth in the preamble, the Board amends Regulation Z, 12 CFR part 226, as set forth below: Subpart E—Special Rules for Certain Home Mortgage Transactions 12 CFR Part 34 Appraisal, Appraiser, Banks, Banking, Consumer protection, Credit, Mortgages, National banks, Reporting and recordkeeping requirements, Savings associations, Truth in lending. Advertising, Appraisal, Appraiser, Consumer protection, Credit, Federal Reserve System, Mortgages, Reporting and recordkeeping requirements, Truth in lending. 12 CFR Part 1026 Advertising, Appraisal, Appraiser, Banking, Banks, Consumer protection, Credit, Credit unions, Mortgages, National banks, Reporting and recordkeeping requirements, Savings associations, Truth in lending. Office of the Comptroller of the Currency For the reasons set forth in the preamble, the OCC amends 12 CFR part 34 as set forth below: PART 34—REAL ESTATE LENDING AND APPRAISALS 2. In Appendix C to Subpart G, under Section 34.203—Appraisals for HigherPriced Mortgage Loans, paragraph 34.203(b)(2)–1.iii is added to read as follows: Appendix C to Subpart G—OCC Interpretations mstockstill on DSK4VPTVN1PROD with RULES * * Section 34.203—Appraisals for HigherPriced Mortgage Loans * * * * 12 2 * * * 16:09 Nov 25, 2015 * * * Subpart E—Special Rules for Certain Home Mortgage Transactions * * * * * Section 226.43—Appraisals for HigherRisk Mortgage Loans * * * * * * * * * Paragraph 43(b)(2) * * * * * * Section 1026.35—Requirements for Higher-Priced Mortgage Loans * * * * * * * 35(c) Appraisals * * * 35(c)(2) Exemptions * * * * * Paragraph 35(c)(2)(ii) 1.

* * * iii. From January 1, 2016, through December 31, 2016, the threshold amount is $25,500. * * * * * Dated: November 19, 2015. Amy Friend, Senior Deputy Comptroller and Chief Counsel. By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, November 18, 2015. Robert deV. Frierson, Secretary of the Board. Dated: October 8, 2015. Richard Cordray, Director, Bureau of Consumer Financial Protection. [FR Doc.

2015–30097 Filed 11–25–15; 8:45 am] FEDERAL RESERVE SYSTEM * * * * BUREAU OF CONSUMER FINANCIAL PROTECTION Authority and Issuance For the reasons set forth in the preamble, the Bureau amends Regulation Z, 12 CFR part 1026, as set forth below: PART 1026—TRUTH IN LENDING (REGULATION Z) Authority: 12 U.S.C. 2601, 2603–2605, 2607, 2609, 2617, 3353, 5511, 5512, 5532, 5581; 15 U.S.C. 1601 et seq. Jkt 238001 * 1.

* * * iii. From January 1, 2016, through December 31, 2016, the threshold amount is $25,500. 5. The authority citation for part 1026 continues to read as follows: U.S.C.

1532. VerDate Sep<11>2014 * â–  34.203(b) Exemptions * 4. In Supplement I to part 226, under Section 226.43—Appraisals for HigherRisk Mortgage Loans, under paragraph 43(b)(2), paragraph 43(b)(2)–1.iii is added to read as follows: â–  * * * Subpart G—Appraisals for HigherPriced Mortgage Loans â–  Authority: 12 U.S.C. 3806; 15 U.S.C.

1604, 1637(c)(5), 1639(l), and 1639h; Pub. L. 111– 24, section 2, 123 Stat.

1734; Pub. L. 111– 203, 124 Stat.

1376. 43(b) Exemptions Authority: 12 U.S.C. 1 et seq., 25b, 29, 93a, 371, 1463, 1464, 1465,1701j–3, 1828(o), 3331 et seq., 5101 et seq., 5412(b)(2)(B) and 15 U.S.C. 1639h. * * 3.

The authority citation for part 226 continues to read as follows: * 1. The authority citation for part 34 continues to read as follows: â–  * * â–  * Authority and Issuance * * Supplement I to Part 226—Official Staff Interpretations DEPARTMENT OF THE TREASURY * * PART 226—TRUTH IN LENDING (REGULATION Z) 12 CFR Part 226 * * 6. In Supplement I to part 1026, under Section 1026.35—Requirements for Higher-Priced Mortgage Loans, under paragraph 35(c)(2)(ii), paragraph 35(c)(2)(ii)–1.iii is added to read as follows: â–  PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 BILLING CODE 4810–33–P; 6210–01–P; 4810–AM–P 12 CFR Part 213 [Docket No.

R–1519] RIN 7100 AE–35 BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1013 RIN 3170–AA06 Consumer Leasing (Regulation M) Board of Governors of the Federal Reserve System (Board); and Bureau of Consumer Financial Protection (Bureau). AGENCIES: E:\FR\FM\27NOR1.SGM 27NOR1 .