HOEPA does not apply to which of the following transactions?

The Home Ownership and Equity Protection Act (HOEPA) is designed to protect consumers from predatory lending practices and applies to certain high-cost mortgages, typically involving loans with high interest rates or fees.

Temporary bridge loans are meant as short-term financing and often have predetermined terms and limits in place, making them less likely to fall into the category of high-cost mortgages that HOEPA regulates. Since these loans are intended to be paid off quickly or converted to longer-term financing, they typically do not meet the criteria of high-cost loans outlined in HOEPA. Therefore, they are not subjected to the same regulations as traditional high-cost mortgages and do not trigger the protections under HOEPA.

Understanding the implications of HOEPA ensures that both consumers and lenders are aware of the guidelines that apply to different types of mortgage transactions.