Final answer:
The fee threshold triggering a HOEPA High Cost disclosure for a first mortgage in 2023 is 5%. This discloses additional protections against predatory lending when points and fees exceed this percentage of the total loan amount.
Step-by-step explanation:
The percentage that triggers a High-Cost disclosure for a first mortgage under the Home Ownership and Equity Protection Act (HOEPA) in 2023 is the 5% fee threshold. If the total points and fees payable by the consumer at or before closing will exceed 5% of the total loan amount, then the loan is considered a high-cost mortgage and requires the lender to provide additional disclosures under HOEPA. This threshold is part of the regulations to provide consumers with protections against predatory lending practices.