Journal Article

Changes to Regulation Z Expand Loans Subject to HOEPA

Abstract: The Home Ownership Equity Protection Act (HOEPA) was enacted in response to anecdotal evidence of abusive practices in the home equity lending market. The regulation that implements HOEPA, Regulation Z, has undergone several changes, including how creditors determine if a loan is covered under the act. Compliance with the expanded HOEPA rules is mandatory as of Oct. 1, 2002.

Keywords: Home equity loans; Consumer protection; Regulation Z: Truth in Lending;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: e-Perspectives

Publication Date: 2002

Volume: 2

Issue: 2

Order Number: 1