The CFPB is adjusting two dollar amounts that are used in the “points and fees” trigger for coverage under HOEPA for calendar year 2021. The two dollar amounts are (1) the loan amount threshold (changing from $21,980 to $22,052), and (2) the total points and fees amount (changing from $1,099 to $1,103). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year’s values.

Dear Partners,

We recognize that with the constantly changing COVID-19 situation around the world, this is an unprecedented time for everyone — a time that, for many, is filled with uncertainty. Our hearts and thoughts go out to each and every one of you. We wanted to take this opportunity to inform you of the decisions made and steps which will be taken for our company during this critical time.

The CFPB is adjusting two dollar amounts that are used in the “points and fees” trigger for coverage under HOEPA for calendar year 2020. The two dollar amounts are (1) the loan amount threshold (changing from $21,549 to $21,980), and (2) the total points and fees amount (changing from $1,077 to $1,099). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year’s values.

We at J. L. Sherman and Associates, Inc. wanted to let you know that after 25+ years in Encinitas, CA, we are moving to our new office ten (10) miles away in San Marcos, CA. Our new address is:

J. L. SHERMAN AND ASSOCIATES, INC.
250 SOUTH PACIFIC ST., #108
SAN MARCOS, CA 92078

The CFPB is adjusting two dollar amounts that are used in the “points and fees” trigger for coverage under HOEPA for calendar year 2019. The two dollar amounts are (1) the loan amount threshold (changing from $21,032 to $21,549), and (2) the total points and fees amount (changing from $1,052 to $1,077). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year’s values.