# Truth in Lending
> **US Federal Reserve System** · Final rule; official staff interpretation. · Published 1997-03-06 · Effective 1997-02-28 · 62 FR 10193
## Document
- **Document number:** 97-5447
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 62 FR 10193
- **CFR reference:** 12 CFR 226
- **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
- [Federal Register document](https://www.federalregister.gov/documents/1997/03/06/97-5447/truth-in-lending)
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