The Small Business
Rule Change Brief

Department of the Treasury· Rule

Appraisals for Higher-Priced Mortgage Loans Exemption Threshold

effective in 73d

SUMMARY: The OCC, the Board, and the Bureau are finalizing amendments to the official interpretations for their regulations that implement section 129H of the Truth in Lending Act (TILA). Section 129H of TILA establishes special appraisal requirements for “higher-risk mortgages,” termed “higher-priced mortgage loans”…

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

Federal Reserve System· Rule

Consumer Leasing (Regulation M)

effective in 73d

SUMMARY: Federal Register The Board and the Bureau (collectively, the Agencies) are finalizing amendments to the official interpretations and commentary for the Agencies' regulations that implement the Consumer Leasing Act (CLA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended…

Owner check — Labor/OSHA action: check workplace, payroll, certification, or contractor obligations against the source notice.

Federal Reserve System· Rule

Truth in Lending (Regulation Z)

effective in 73d

SUMMARY: Federal Register The Board and the Bureau (collectively, the Agencies) are publishing final rules amending the official interpretations and commentary for the Agencies' regulations that implement the Truth in Lending Act (TILA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)…

Owner check — Labor/OSHA action: check workplace, payroll, certification, or contractor obligations against the source notice.

Department of Labor· Notice

Proposed Exemption for Certain Prohibited Transaction Restrictions Involving JPMorgan Chase Co. (JPMC or the Applicant) Located in New York, New York

SUMMARY: This document provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code). If the…

Owner check — Labor/OSHA action: check workplace, payroll, certification, or contractor obligations against the source notice.

Small Business Administration· Notice

Tecum Capital Partners III, L.P.; Conflicts of Interest Exemption

Owner check — SBA action: confirm whether financing, disaster assistance, eligibility, or SBIC exposure changes for your business.

Department of the Treasury· Notice

Notice of OFAC Sanctions Action

SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is updating the identifying information on its Specially Designated Nationals and Blocked Persons List (SDN List) for one entity whose property and interests in property subject to U.S. jurisdiction are blocked pursuant to Executive…

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

Department of the Treasury· Notice

Notice of OFAC Sanctions Action

SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's List of Specially Designated Nationals and Blocked Persons (SDN List) based on OFAC's determination that one or more applicable legal criteria were…

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

Department of the Treasury· Notice

Request for Information—State Small Business Credit Initiative (SSBCI) Technical Assistance Funds

SUMMARY: On September 20, 2022, Treasury published a request for information (RFI) that invited the public to comment on how Treasury can use its authorities under the State Small Business Credit Initiative (SSBCI) to fund technical assistance (TA) to qualifying businesses applying to SSBCI credit and investment…

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.