Home Ownership and Equity Protection Act

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:abbreviation	gptkb:HOEPA
gptkbp:amendedBy	gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act
gptkbp:appliesTo	certain home loans with high interest rates or fees
gptkbp:codifiedIn	gptkb:15_U.S.C._§_1639
gptkbp:dateEnacted	1994
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:enforcedBy	gptkb:Consumer_Financial_Protection_Bureau gptkb:Federal_Trade_Commission federal banking agencies
https://www.w3.org/2000/01/rdf-schema#label	Home Ownership and Equity Protection Act
gptkbp:partOf	gptkb:Truth_in_Lending_Act
gptkbp:prohibits	balloon payments in most cases certain late fees increasing interest rates after default loan flipping negative amortization prepayment penalties in most cases extending credit without regard to borrower’s ability to repay
gptkbp:purpose	protect consumers from predatory lending practices
gptkbp:regulates	high-cost mortgages
gptkbp:relatedTo	consumer protection predatory lending mortgage regulation
gptkbp:requires	disclosure of loan terms
gptkbp:bfsParent	gptkb:Truth_in_Lending_Act
gptkbp:bfsLayer	5