The Federal Reserve Board on Wednesday adjusted for inflation the dollar amount of fees and points that could trigger additional Truth-in-Lending Act disclosures.

Lenders must make the extra disclosures if fees and points exceed the greater of $441 or 8% of the loan's value. The change is effective Jan. 1. The current trigger is the greater of $435 or 8% of the loan.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.