Consumer protection legislation designed to shield homeowners from abusive loan practices. It modified the Truth in Lending Act by establishing certain disclosure requirements and prohibiting home equity stripping. Its primary purpose was to stop unethical practices associated with high cost mortgages.
Related information about Home Ownership and Equity Protection Act (HOEPA):
- High-Rate, High-Fee Loans (HOEPA/Section 32 Mortgages)
Feb 17, 2011 ... High-Rate, High-Fee Loans (HOEPA/Section 32 Mortgages). If you're refinancing your mortgage or applying for a home equity installment loan, ...
- FEDERAL RESERVE SYSTEM 12 CFR Part 226 - Board of ...
Dec 14, 2001 ... Lending) that implement the Home Ownership and Equity Protection Act (HOEPA ). HOEPA was enacted in 1994, in response to evidence of ...
- 15 USC § 1639 - Requirements for certain mortgages | LII / Legal ...
(B) “If you obtain this loan, the lender will have a mortgage on your home. You could lose your home, and any money you have put into it, if you do not meet your ...
- Home Ownership and Equity Protection Act (HOEPA)
The Home Ownership and Equity Protection Act, often referred to by the initials HOEPA, is a federal law enacted by congress in 1994 and made a part of...
- Wiki - Home Owners Equity Protection Act (HOEPA)
Jul 23, 2010 ... Home Ownership and Equity Protection Act (HOEPA) of 1994. Summary: HOEPA combats abuses in the home equity lending market and ...
- Home Ownership and Equity Protection Act - Policy Highlights ...
Federal Reserve Board of Governors. Hearings under the Home Ownership and Equity Protection Act (HOEPA)- 2000, 2006, 2007 ...
- HMDA Amendments
Pricing Data. HOEPA Status. In addition to requiring lenders to report the rate spread on certain loans, Regulation C requires lenders to report whether or not a ...
- Proposed Rule - Consumer Financial Protection Bureau
The Home Ownership and Equity Protection Act (HOEPA) was enacted in 1994 as an amendment to the Truth in Lending Act (TILA) to address abusive practices ...