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HOEPA |
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The Home Ownership and Equity Protection Act of 1994 restricts Riegle's home equity bill -- formally called the Home Ownership and Equity Protection Act -- has since been folded into an omnibus banking bill (S 1275) that includes President Clinton's plan for community development banks. Yale Mortgage refuses to fund mortgages known as Section 32, which fall under the strict guidance in Section 32 of Regulation Z of the Home Ownership and Equity Protection Act of 1994 (HOEPA) and establishes requirements for certain loans with high rates and/or high fees. |
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