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Truth in Lending

Fed · final-rule · Published 2002-04-09 · Effective 2002-04-09 · 67 FR 16980

Document

Document number
02-8373
Federal Register citation
67 FR 16980
CFR reference
12 CFR 226
Type
Rule
Action
Final rule; official staff interpretation.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2002-04-09
Effective date
2002-04-09
Docket
Regulation Z

Abstract

The Board is publishing revisions to the official staff commentary to Regulation Z, which implements the Truth in Lending Act. The commentary applies and interprets the requirements of Regulation Z. The revisions clarify how creditors that place Truth in Lending Act disclosures on the same document with the credit contract may satisfy the requirement for providing the disclosures, in a form the consumer may keep, before consummation. In addition, the revisions provide guidance on disclosing costs for certain credit insurance policies and on the definition of "business day" for purposes of the right to rescind certain home-secured loans. The Board is also publishing technical corrections to the commentary and regulation.

Source

Authoritative
Federal Register document
Machine
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