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Truth in Lending

Fed · final-rule · Published 1997-03-06 · Effective 1997-02-28 · 62 FR 10193

Document

Document number
97-5447
Federal Register citation
62 FR 10193
CFR reference
12 CFR 226
Type
Rule
Action
Final rule; official staff interpretation.
Category
final-rule
Agency
US Federal Reserve System
Publication date
1997-03-06
Effective date
1997-02-28
Docket
Regulation Z

Abstract

The Board is publishing revisions to the official staff commentary to Regulation Z (Truth in Lending). The commentary applies and interprets the requirements of Regulation Z. The update provides guidance on issues relating to the treatment of certain fees paid in connection with mortgage loans. It addresses new tolerances for accuracy in disclosing the amount of the finance charge and other affected cost disclosures. In addition, the update discusses issues such as the treatment of debt cancellation agreements and a creditor's duties if providing periodic statements via electronic means.

Source

Authoritative
Federal Register document
Machine
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