Banker's Compliance Consulting Blog

Online Bankers Training - 2016 Regulations Z & M Threshold

Written by Amy Kudlacek | Dec 21, 2015 9:04:54 AM

The threshold to exempt consumer credit (Reg Z) and consumer leases (Reg M) from the applicable regulatory requirements will be $54,600 for 2016. This remains unchanged from the 2015 threshold of $54,600. This means any consumer credit and/or consumer lease transaction greater than $54,600 is 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.

Published
2015/12/21
Amy Kudlacek