Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages), 65646-65647 [2019-25812]

Download as PDF 65646 Federal Register / Vol. 84, No. 230 / Friday, November 29, 2019 / Rules and Regulations of 1982, secs. 117(a), 132, 133, 134, 135, 137, 141, 145(g), 148, 218(a) (42 U.S.C. 10137(a), 10152, 10153, 10154, 10155, 10157, 10161, 10165(g), 10168, 10198(a)); 44 U.S.C. 3504 note. §§ 72.4, 72.16, and 72.44 [Amended] 48. In §§ 72.4, 72.16, and 72.44, wherever it appears, remove ‘‘Division of Spent Fuel Management’’ and add in its place ‘‘Division of Fuel Management’’. ■ § 72.76 [Amended] 49. In § 72.76(a), remove ‘‘Division of Fuel Cycle Safety Safeguards, and Environmental Review’’ and add in its place ‘‘Division of Fuel Management’’. ■ § 72.78 [Amended] 50. In § 72.78(a), remove ‘‘Division of Fuel Cycle Safety, Safeguards, and Environmental Review’’ and add in its place ‘‘Division of Fuel Management’’. ■ PART 73—PHYSICAL PROTECTION OF PLANTS AND MATERIALS 51. The authority citation for part 73 continues to read as follows: ■ Authority: Atomic Energy Act of 1954, secs. 53, 147, 149, 161, 170D, 170E, 170H, 170I, 223, 229, 234, 1701 (42 U.S.C. 2073, 2167, 2169, 2201, 2210d, 2210e, 2210h, 2210i, 2273, 2278a, 2282, 2297f); Energy Reorganization Act of 1974, secs. 201, 202 (42 U.S.C. 5841, 5842); Nuclear Waste Policy Act of 1982, secs. 135, 141 (42 U.S.C. 10155, 10161); 44 U.S.C. 3504 note. Section 73.1 also issued under Nuclear Waste Policy Act secs. 135, 141 (42 U.S.C. 10155, 10161). Section 73.37(b)(2) also issued under Sec. 301, Public Law 96–295, 94 Stat. 789 (42 U.S.C. 5841 note). Section 73.37(f) also issued under Sec. 301, Pub. L. 96–295, 94 Stat. 789 (42 U.S.C. 5841 note). § 73.4 [Amended] 52. In § 73.4(a), remove ‘‘Director, Office of New Reactors,’’. ■ § 73.46 [Amended] 53. In § 73.46(i)(1), remove ‘‘Division of Fuel Cycle Safety, Safeguards, and Environmental Review’’ and add in its place ‘‘Division of Fuel Management’’. ■ khammond on DSKJM1Z7X2PROD with RULES PART 74—MATERIAL CONTROL AND ACCOUNTING OF SPECIAL NUCLEAR MATERIAL 54. The authority citation for part 74 continues to read as follows: ■ Authority: Atomic Energy Act of 1954, secs. 53, 57, 161, 182, 223, 234, 1701 (42 U.S.C. 2073, 2077, 2201, 2232, 2273, 2282, 2297f); Energy Reorganization Act of 1974, secs. 201, 202 (42 U.S.C. 5841, 5842); 44 U.S.C. 3504 note. VerDate Sep<11>2014 15:44 Nov 27, 2019 Jkt 250001 §§ 74.13 and 74.15 [Amended] 55. In §§ 74.13 and 74.15, wherever it appears, remove ‘‘Division of Fuel Cycle Safety, Safeguards, and Environmental Review’’ and add in its place ‘‘Division of Fuel Management’’. ■ PART 100—REACTOR SITE CRITERIA 56. The authority citation for part 100 continues to read as follows: ■ Authority: Atomic Energy Act of 1954, secs. 103, 104, 161, 182 (42 U.S.C. 2133, 2134, 2201, 2232); Energy Reorganization Act of 1974, secs. 201, 202 (42 U.S.C. 5841, 5842); 44 U.S.C. 3504 note. § 100.4 [Amended] 57. In § 100.4, remove ‘‘or Director, Office of New Reactors, as appropriate’’. ■ PART 140—FINANCIAL PROTECTION REQUIREMENTS AND INDEMNITY AGREEMENTS 58. The authority citation for part 140 continues to read as follows: ■ Authority: Atomic Energy Act of 1954, secs. 161, 170, 223, 234 (42 U.S.C. 2201, 2210, 2273, 2282); Energy Reorganization Act of 1974, secs. 201, 202 (42 U.S.C. 5841, 5842); 44 U.S.C. 3504 note. § 140.5 [Amended] 59. In § 140.5, remove ‘‘Director, Office of New Reactors,’’. ■ § 140.6 [Amended] 60. In § 140.6(a), remove ‘‘Director, Office of New Reactors,’’. ■ PART 150—EXEMPTIONS AND CONTINUED REGULATORY AUTHORITY IN AGREEMENT STATES AND IN OFFSHORE WATERS UNDER SECTION 274 61. The authority citation for part 150 continues to read as follows: ■ Authority: Atomic Energy Act of 1954, secs. 11, 53, 81, 83, 84, 122, 161, 181, 223, 234, 274 (42 U.S.C. 2014, 2201, 2231, 2273, 2282, 2021); Energy Reorganization Act of 1974, sec. 201 (42 U.S.C. 5841); Nuclear Waste Policy Act of 1982, secs. 135, 141 (42 U.S.C. 10155, 10161); 44 U.S.C. 3504 note. Sections 150.3, 150.15, 150.15a, 150.31, 150.32 also issued under Atomic Energy Act secs. 11e(2), 81, 83, 84 (42 U.S.C. 2014e(2), 2111, 2113, 2114). Section 150.14 also issued under Atomic Energy Act sec. 53 (42 U.S.C. 2073). Section 150.15 also issued under Nuclear Waste Policy Act sec. 135 (42 U.S.C. 10155, 10161). Section 150.17a also issued under Atomic Energy Act sec. 122 (42 U.S.C. 2152). Section 150.30 also issued under Atomic Energy Act sec. 234 (42 U.S.C. 2282). §§ 150.16 and 150.17 [Amended] 62. In §§ 150.16 and 150.17: a. Wherever it appears, remove ‘‘Division of Fuel Cycle Safety, ■ ■ PO 00000 Frm 00020 Fmt 4700 Sfmt 4700 Safeguards, and Environmental Review’’ and add in its place ‘‘Division of Fuel Management’’; and ■ b. Wherever it appears, remove ‘‘Division of Fuel Cycle Safety and Safeguards’’ and add in its place ‘‘Division of Fuel Management’’. Dated at Rockville, Maryland, this 22nd day of November, 2019. For the Nuclear Regulatory Commission. Helen Chang, Acting Chief, Regulatory Analysis and Rulemaking Support Branch, Division of Rulemaking, Environmental, and Financial Support, Office of Nuclear Material Safety and Safeguards. [FR Doc. 2019–25847 Filed 11–27–19; 8:45 am] BILLING CODE 7590–01–P BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1026 Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages) Bureau of Consumer Financial Protection. ACTION: Final rule; correction. AGENCY: The Bureau of Consumer Financial Protection (Bureau) published a final rule in the Federal Register on August 1, 2019 amending the regulation text and official interpretations for Regulation Z, which implements the Truth in Lending Act (TILA), to include annual calculations for dollar amounts for several provisions in Regulation Z. This document corrects an error in one of the amendments to the official interpretation for Regulation Z. DATES: Effective January 1, 2020. FOR FURTHER INFORMATION CONTACT: Kristen Phinnessee, Senior Counsel, Office of Regulations, at (202) 435–7700. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov. SUPPLEMENTARY INFORMATION: SUMMARY: I. Background The Bureau is issuing this document to correct an error in one of the amendments to the official interpretation for Regulation Z. The Bureau finds that there is good cause to publish this correction without seeking public comment.1 Public comment is unnecessary because the Bureau is correcting an inadvertent, technical error about which there is minimal, if any, basis for substantive disagreement. Because no notice of proposed 1 See E:\FR\FM\29NOR1.SGM 5 U.S.C. 553(b)(B). 29NOR1 Federal Register / Vol. 84, No. 230 / Friday, November 29, 2019 / Rules and Regulations rulemaking is required, the Regulatory Flexibility Act does not require an initial or final regulatory flexibility analysis.2 The Bureau has determined that these corrections do not impose any new or revise any existing recordkeeping, reporting, or disclosure requirements on covered entities or members of the public that would be collections of information requiring OMB approval under the Paperwork Reduction Act.3 II. Correction In FR Doc. 2019–16300 appearing on page 37565 in the Federal Register of Thursday, August 1, 2019, the following correction is made: Supplement I to Part 1026—Official Interpretations [Corrected] 1. On page 37567, in the third column, in Supplement I to part 1026, Section 1026.32—Requirements for High-Cost Mortgages, paragraph 32(a)(1)(ii), part 1.vi., ‘‘For 2020, $21,980, reflecting a 2 percent increase in the CPI–U from June 2018 to June 2019, rounded to the nearest whole dollar’’ is corrected to read ‘‘For 2020, $1,099, reflecting a 2 percent increase in the CPI–U from June 2018 to June 2019, rounded to the nearest whole dollar.’’ ■ Dated: November 21, 2019. Thomas Pahl, Policy Associate Director, Bureau of Consumer Financial Protection. This rule is effective on December 30, 2019. DATES: [FR Doc. 2019–25812 Filed 11–27–19; 8:45 am] BILLING CODE 4810–AM–P FOR FURTHER INFORMATION CONTACT: SMALL BUSINESS ADMINISTRATION Brenda Fernandez, Office of Policy, Planning and Liaison, 409 Third Street SW, Washington, DC 20416; (202) 205– 7337; brenda.fernandez@sba.gov. 13 CFR Parts 121, 124, 125, 126, 127, 129, and 134 SUPPLEMENTARY INFORMATION: RIN 3245–AG86 Introduction National Defense Authorization Acts of 2016 and 2017, Recovery Improvements for Small Entities After Disaster Act of 2015, and Other Small Business Government Contracting SBA published a proposed rule regarding these changes in the Federal Register on December 4, 2018 (83 FR 62516), inviting the public to submit comments on or before February 4, 2019. SBA received extensive responses on the proposed rule from 38 entities, which comprised almost 250 specific comments. One commenter requested additional time to submit comments. SBA declined to provide an extension of the comment period on grounds of administrative efficiency, since this rule implements statutory requirements and makes other changes of critical importance to small businesses. SBA’s discussion below summarizes the proposed rule, the comments related to each section of the proposed rule, and SBA’s responses. U.S. Small Business Administration. ACTION: Final rule. AGENCY: The U.S. Small Business Administration (SBA or Agency) is amending its regulations to implement several provisions of the National Defense Authorization Acts (NDAA) of 2016 and 2017 and the Recovery Improvements for Small Entities After Disaster Act of 2015 (RISE Act), as well SUMMARY: khammond on DSKJM1Z7X2PROD with RULES as to clarify existing regulations. This rule clarifies that contracting officers have the authority to request information in connection with a contractor’s compliance with applicable limitations on subcontracting clauses; provides exclusions for purposes of compliance with the limitations on subcontracting for certain contracts performed outside of the United States, for environmental remediation contracts, and for information technology service acquisitions that require substantial cloud computing; requires a prime contractor with a commercial subcontracting plan to include indirect costs in its subcontracting goals; establishes that failure to provide timely subcontracting reports may constitute a material breach of the contract; clarifies the requirements for size and status recertification; and limits the scope of Procurement Center Representative (PCR) reviews of Department of Defense acquisitions performed outside of the United States and its territories. This rule also authorizes agencies to receive double credit for small business goaling achievements as announced in SBA’s scorecard for local area small business set-asides in connection with a disaster. Finally, SBA is removing the kit assembler exception to the nonmanufacturer rule. 25 U.S.C. 603(a) and 604(a). U.S.C. 3501, et seq. 3 44 VerDate Sep<11>2014 15:44 Nov 27, 2019 Jkt 250001 PO 00000 Frm 00021 Fmt 4700 Sfmt 4700 65647 Summary of Proposed Rule, Comments, and SBA’s Responses I. National Defense Authorization Act for Fiscal Year 2016, Public Law 114– 92, 129 Stat. 726, November 25, 2015 (NDAA of 2016) Posting Notice of Substantial Bundling Section 863 of the NDAA of 2016 amended section 15(e)(3) of the Small Business Act (15 U.S.C. 644(e)(3)) to provide that if the head of a contracting agency determines that an acquisition plan involves a substantial bundling of contract requirements, the head of the contracting agency shall publish a notice of such determination on a public website within 7 days of making such determination. Section 863 also amended section 44(c)(2) of the Small Business Act (15 U.S.C. 657q(c)(2)) to provide that upon determining that a consolidation of contract requirements is necessary and justified, the Senior Procurement Executive (SPE) or Chief Acquisition Officer (CAO) shall publish a notice on a public website that such determination has been made. An agency may not issue the solicitation any earlier than 7 days after publication of the notice. The SPE or CAO must also publish the justification along with the solicitation. The requirement may be delegated. SBA proposed to amend § 125.2(d) by adding new paragraphs (d)(1)(v) and (d)(7) to implement these changes. Specifically, SBA proposed that the notice be published on the contracting agency’s website. SBA received three comments on these proposed new paragraphs and all three supported the proposal to require public notification of a consolidation determination. Based on agency comments, SBA is adopting a final rule that requires publication of the notice on the Government Point of Entry website because this will be a more efficient and effective mechanism to notify the public. Notice provided through one Government website, which already serves as the means for most procurement-related notices, will likely be viewed by a larger portion of the public than through an individual agency website. II. National Defense Authorization Act for Fiscal Year 2017, Public Law 114– 328, 130 Stat. 2000, December 23, 2016 (NDAA of 2017) Procurement Center Representative Reviews Section 1811 of the NDAA of 2017 amended section 15(l) of the Small Business Act (15 U.S.C. 644(l)) to provide that PCRs may review any acquisition, even those where the E:\FR\FM\29NOR1.SGM 29NOR1

Agencies

[Federal Register Volume 84, Number 230 (Friday, November 29, 2019)]
[Rules and Regulations]
[Pages 65646-65647]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25812]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

12 CFR Part 1026


Truth in Lending (Regulation Z) Annual Threshold Adjustments 
(Credit Cards, HOEPA, and Qualified Mortgages)

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Final rule; correction.

-----------------------------------------------------------------------

SUMMARY: The Bureau of Consumer Financial Protection (Bureau) published 
a final rule in the Federal Register on August 1, 2019 amending the 
regulation text and official interpretations for Regulation Z, which 
implements the Truth in Lending Act (TILA), to include annual 
calculations for dollar amounts for several provisions in Regulation Z. 
This document corrects an error in one of the amendments to the 
official interpretation for Regulation Z.

DATES: Effective January 1, 2020.

FOR FURTHER INFORMATION CONTACT: Kristen Phinnessee, Senior Counsel, 
Office of Regulations, at (202) 435-7700. If you require this document 
in an alternative electronic format, please contact 
[email protected].

SUPPLEMENTARY INFORMATION:

I. Background

    The Bureau is issuing this document to correct an error in one of 
the amendments to the official interpretation for Regulation Z. The 
Bureau finds that there is good cause to publish this correction 
without seeking public comment.\1\ Public comment is unnecessary 
because the Bureau is correcting an inadvertent, technical error about 
which there is minimal, if any, basis for substantive disagreement. 
Because no notice of proposed

[[Page 65647]]

rulemaking is required, the Regulatory Flexibility Act does not require 
an initial or final regulatory flexibility analysis.\2\ The Bureau has 
determined that these corrections do not impose any new or revise any 
existing recordkeeping, reporting, or disclosure requirements on 
covered entities or members of the public that would be collections of 
information requiring OMB approval under the Paperwork Reduction 
Act.\3\
---------------------------------------------------------------------------

    \1\ See 5 U.S.C. 553(b)(B).
    \2\ 5 U.S.C. 603(a) and 604(a).
    \3\ 44 U.S.C. 3501, et seq.
---------------------------------------------------------------------------

II. Correction

    In FR Doc. 2019-16300 appearing on page 37565 in the Federal 
Register of Thursday, August 1, 2019, the following correction is made:

Supplement I to Part 1026--Official Interpretations [Corrected]

0
1. On page 37567, in the third column, in Supplement I to part 1026, 
Section 1026.32--Requirements for High-Cost Mortgages, paragraph 
32(a)(1)(ii), part 1.vi., ``For 2020, $21,980, reflecting a 2 percent 
increase in the CPI-U from June 2018 to June 2019, rounded to the 
nearest whole dollar'' is corrected to read ``For 2020, $1,099, 
reflecting a 2 percent increase in the CPI-U from June 2018 to June 
2019, rounded to the nearest whole dollar.''

    Dated: November 21, 2019.
Thomas Pahl,
Policy Associate Director, Bureau of Consumer Financial Protection.
[FR Doc. 2019-25812 Filed 11-27-19; 8:45 am]
BILLING CODE 4810-AM-P
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