# Truth in Lending
> **US Federal Reserve System** · Interim final rule; request for public comment. · Published 2010-10-28 · Effective 2010-12-27 · 75 FR 66554
## Document
- **Document number:** 2010-26671
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 75 FR 66554
- **CFR reference:** 12 CFR 226
- **Publication date:** 2010-10-28
- **Effective date:** 2010-12-27
## Abstract

The Board is publishing for public comment an interim final rule amending Regulation Z (Truth in Lending). The interim rule implements Section 129E of the Truth in Lending Act (TILA), which was enacted on July 21, 2010, as Section 1472 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. TILA Section 129E establishes new requirements for appraisal independence for consumer credit transactions secured by the consumer's principal dwelling. The amendments are designed to ensure that real estate appraisals used to support creditors' underwriting decisions are based on the appraiser's independent professional judgment, free of any influence or pressure that may be exerted by parties that have an interest in the transaction. The amendments also seek to ensure that creditors and their agents pay customary and reasonable fees to appraisers. The Board seeks comment on all aspects of the interim final rule.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2010/10/28/2010-26671/truth-in-lending)
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