Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold

Document 2022-28441 is a Final Rule published by the Consumer Financial Protection Bureau in the Federal Register on December 30, 2022, with an effective date of January 1, 2023. The Consumer Financial Protection Bureau (Bureau) is amending the official commentary that interprets the requirements of the Bureau's Regulation C (Home Mortgage Disclosure) to reflect the asset- size exemption threshold for banks, savings associations, and credit unions 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 8.6 percent increase in the average of the CPI-W for the 12-month period ending in November 2022, the exemption threshold is adjusted to $54 million from $50 million. Therefore, banks, savings associations, and credit unions with assets of $54 million or less as of December 31, 2022, are exempt from collecting data in 2023. View the original at https://www.federalregister.gov/documents/2022/12/30/2022-28441/home-mortgage-disclosure-regulation-c-adjustment-to-asset-size-exemption-threshold.

No. Document 2022-28441 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.