# Truth in Savings
> **US National Credit Union Administration** · Interim final rule with request for comments. · Published 1998-12-29 · Effective 1998-12-29 · 63 FR 71573
## Document
- **Document number:** 98-33944
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 63 FR 71573
- **CFR reference:** 12 CFR 707
- **Publication date:** 1998-12-29
- **Effective date:** 1998-12-29
## Abstract

NCUA is amending part 707 of its regulations to implement certain statutory changes in the Truth in Savings Act (TISA). These amendments: modify the rules governing indoor lobby signs; eliminate subsequent disclosure requirements for automatically renewable term share accounts with terms of one month or less; repeal TISA's civil liability provisions as of September 30, 2001; and permit disclosure of an annual percentage yield (APY) equal to the contract dividend rate for term share accounts with maturities greater than one year that do not compound but require dividend distributions at least annually.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/12/29/98-33944/truth-in-savings)
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