Mortgage Terms: HOEPA was enacted in 1994 as an amendment to the Truth-In-Lending Act (TILA)

to address abusive practices in refinances and closed end home equity loans with high interest rates or high fees.

Question

HOEPA was enacted in 1994 as an amendment to the Truth-In-Lending Act (TILA) 
        
         to address abusive practices in refinances and closed end home equity loans with high interest rates or high fees.

Memorable Ladybug · Accepted Answer

Home Ownership and Equity Protection Act (HOEPA) 1994

Mortgage Terms

HOEPA was enacted in 1994 as an amendment to the Truth-In-Lending Act (TILA) to address abusive practices in refinances and closed end home equity loans with high interest rates or high fees.

Home Ownership and Equity Protection Act (HOEPA) 1994

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