On Oct. 10, 2019, the Consumer Financial Protection Bureau (CFPB) announced a 239-page final rule impacting home equity lines of credit (HELOCs) reporting for the Home Mortgage Disclosure Act (HMDA) and Regulation C. The temporary threshold of 500 HELOCs for reporting data about HELOCs is being extended to Jan. 1, 2022. In 2017, the CFPB temporarily increased the HELOC reporting threshold from 100 HELOCs in each of the two preceding calendar years to 500 HELOCs for two years. The temporary threshold of 500 HELOCs was set to expire on Jan. 1, 2020. This final rule impacting HELOCs is effective Jan. 1, 2020.
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