The CFPB, Fed, and OCC have published notices in the Federal Register announcing that they are increasing three exemption thresholds that are subject to annual inflation adjustments. Effective January 1, 2019 through December 31, 2019, these exemption thresholds are increased as follows:

• Smaller loans exempt from the appraisal requirement for “higher-priced mortgage loans,” increased from $26,000 to $26,7.00

• Consumer credit transactions exempt from Truth in Lending Act/Regulation Z, increased from $55,800 to $57,200 (but loans secured by real property or personal property used or expected to be used as a consumer’s principal dwelling and private education loans are covered regardless of amount).

• Consumer leases exempt from Consumer Leasing Act/Regulation M, increased from $55,800 to $57,200.