Small Business Rule Changes — Wednesday, November 29, 2023

Vol. 1 · No. 395 — Wednesday, November 29, 2023

Small business rule changes: 3 entries flagged for owners.

Owner-readable summary of Federal Register, SBA, DOL, OFAC, and compliance updates published on Wednesday, November 29, 2023. Scanned 3 source documents matching small-business terms; 3 warranted a closer look.

Compliance checklist How to read the Register

Department of the Treasury· Rule

Appraisals for Higher-Priced Mortgage Loans Exemption Threshold

effective in 33d

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.

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Federal Reserve System· Rule

Consumer Leasing (Regulation M)

effective in 33d

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.

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Federal Reserve System· Rule

Truth in Lending (Regulation Z)

effective in 33d

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 StreetReform and Consumer Protection Act (Dodd-Frank Act)…

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

Read full text →PDF