00-EA-16: FRB: Regulation Z

The Federal Reserve Board is requesting comments on a proposed rule amending Regulation Z to address concerns related to predatory practices in mortgage lending. The proposed amendments extend the protections of the Home Ownership and Equity Protection Act (HOEPA) to more loans, prohibit certain acts or practices such as loan flipping, strengthen HOEPA's prohibition on loans based on homeowners' equity without regard to repayment ability and revise HOEPA disclosures received by consumers before closing.

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