HOEPA Updates for 2025
The CFPB is
adjusting two dollar amounts that are used in the “points and fees” trigger for
coverage under HOEPA for calendar year 2025. The two dollar amounts are (1) the
loan amount threshold (changing from $26,092 to $26,968), and (2) the total
points and fees amount (changing from $1,305 to $1,348). All of our core
products will be updated to include these new amounts for the January 2025
release.
For our current customers, these updated amounts will be found in the hcm.ini
file included with the October 2024 release of the SCE API
Server, SCEX,
eWinLoan, and WinLoan32. If you would
like a copy of this updated file for manual installation, please contact
us.