The Joint Financial Regulatory Agencies have announced their intention to review home equity lending rules. According to a report released on March 4, 2024, the agencies will be accepting informal comments on the rule review until March 28 at 5:00 p.m.

The rule review notice can be found on the official website of the Office of Consumer Credit Commissioner (OCCC) in Texas. The document outlines the purpose of the review and provides details on how interested parties can participate in the process.

In a statement, the agencies stated, "The Joint Financial Regulatory Agencies intend to conduct a rule review regarding home equity lending." They further added, "The agencies will accept informal comments on the rule review until March 28 at 5:00 p.m."

Interested stakeholders and members of the public are encouraged to review the notice and submit their comments within the specified timeframe. The review process signifies a critical step in ensuring transparency and compliance within the home equity lending sector.