Number: RL34259
Title: A Predatory Lending Primer: The Home Ownership and Equity Protection Act (HOEPA)
Authors: David H. Carpenter, American Law Division 
Abstract: This report provides an overview of these 11 common aspects of predatory lending legislation, starting with a general description of the practice followed by how each is addressed in HOEPA and its regulatory counterpart, Subpart E of Regulation Z (Reg Z). The Federal Reserve issued new regulations in July 2008 that may affect HOEPA loans, but the effective date for most of those changes is not until October 2009.
Pages: 9
Date: November 26, 2008