J.L.Sherman&Associates,Inc.

The Leader in Loan Quotation and Loan Calculation Software

HOEPA Updates for 2025

Submitted 2024-11-21 11:51:00 -0800

The SCEX is loan calculation software that can be embedded within your own
application, supporting consumer, commercial, and mortgage loan
calculations. 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.