# Regulation Z; Truth in Lending
> **US Federal Reserve System** · Final rule; official staff commentary. · Published 2010-09-24 · Effective 2011-01-01 · 75 FR 58489
## Document
- **Document number:** 2010-20664
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 75 FR 58489
- **CFR reference:** 12 CFR 226
- **Publication date:** 2010-09-24
- **Effective date:** 2011-01-01
- **Docket:** Docket No. R-1378
## Abstract

The Board is publishing final rules amending Regulation Z (Truth in Lending). The final rule implements Section 131(g) of the Truth in Lending Act (TILA), which was enacted on May 20, 2009, as Section 404(a) of the Helping Families Save Their Homes Act. TILA Section 131(g) became effective immediately upon enactment and established a new requirement for notifying consumers of the sale or transfer of their mortgage loans. Consistent with the statute, the final rule requires a purchaser or assignee that acquires a loan to provide the disclosures in writing no later than 30 days after the date on which the loan was sold, transferred or assigned. Certain exceptions may apply if the covered person transfers or assigns the loan to another party on or before the 30th day.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2010/09/24/2010-20664/regulation-z-truth-in-lending)
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