Order
Docket No. 22-012-B | Extension
| Attachment | Size |
|---|---|
| Docket No. 22-12-B | Order Extending Suspension (283.91 KB) | 283.91 KB |
ORDER EXTENDING SUSPENSION: High-Rate Mortgage Loan Disclosure Order | Docket No. 22-012-B
Based on the prevailing mortgage rates, it is highly probable that during the next six months the interest rates on Market Rate Mortgage Loans may exceed the 2023 Disclosure Threshold.
The Commissioner:
- previously ordered the suspension of disclosure requirements of Regulation B-98-2 for High Rate Mortgage Loans from May 5, 2022 through December 31, 2022 and subsequently extended the temporary suspension until July 1, 2023.
- finds that extending the temporary suspension of the disclosure requirements of Regulation B-98-2 for High Rate Mortgage Loans again, until January 1, 2024, to be in the best interests of the public.
- suspends the disclosure requirements of Regulation B-98-2 for High Rate Mortgage Loans from July 1, 2023 through December 31, 2023.
Nothing herein shall modify or suspend the disclosure requirements of Regulation B-98-2for High Point Mortgage Loans. This Order shall remain in effect until January 1, 2024 or until rescinded or superseded by the Commissioner, whichever is earlier.