Home Ownership and Equity Protection Act (HOEPA)

URI: https://gptkb.org/entity/Home_Ownership_and_Equity_Protection_Act_(HOEPA)
GPTKB entity
Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:administeredBy gptkb:Consumer_Financial_Protection_Bureau
gptkbp:aimsTo protect consumers from predatory lending
gptkbp:alsoKnownAs Section 32 of Regulation Z
gptkbp:amendedBy gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act
gptkbp:appliesTo certain home equity loans
closed-end home mortgages
refinance mortgages
gptkbp:codifiedIn gptkb:15_U.S.C._§_1639
gptkbp:compatibleWith gptkb:reverse_mortgages
open-end credit plans
gptkbp:dateEnacted 1994
gptkbp:enactedBy gptkb:United_States_Congress
gptkbp:enforcedBy gptkb:Consumer_Financial_Protection_Bureau
gptkb:Federal_Trade_Commission
state attorneys general
https://www.w3.org/2000/01/rdf-schema#label Home Ownership and Equity Protection Act (HOEPA)
gptkbp:imposedBy disclosure requirements
prohibitions on certain practices
restrictions on loan terms
gptkbp:partOf gptkb:Truth_in_Lending_Act
gptkbp:prohibits balloon payments in most cases
negative amortization
prepayment penalties in most cases
due-on-demand clauses except in limited circumstances
increased interest rates upon default
gptkbp:regulates high-cost mortgages
gptkbp:requires counseling for certain borrowers
gptkbp:thresholdsDefinedBy annual percentage rate
points and fees
gptkbp:bfsParent gptkb:Truth_in_Lending_Act_(TILA)
gptkbp:bfsLayer 8