The final rule expands the transactions covered under Home Ownership Equity Protection Act (HOEPA) and implementing regulations. Notably, purchase money mortgage loans (owner-financed) and home equity lines of credit (HELOCs) are now covered. The rule implements revised statutory threshold or trigger requirements for HOEPA coverage.
Already a member? Log in
NAFCU Members Get More
This page contains member-only content.
Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at email@example.com.