Fed resets disclosure trigger fee for mortgages The Federal Reserve reset the trigger fee for additional Truth in Lending disclosure requirements to $583. The new fee goes into effect on January 1, 2009 and is adjusted annually based on the Consumer Price Index. The Home Ownership and Equity Protection Act of 1994 restricts credit terms such as balloon payments and requires additional disclosures when total points and fees payable by the consumer exceed the fee-based trigger or 8 percent of the total loan, whichever is . . .
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