# Truth in Savings
> **US National Credit Union Administration** · Final rule. · Published 1999-06-21 · Effective 1999-07-21 · 64 FR 33009
## Document
- **Document number:** 99-15649
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 64 FR 33009
- **CFR reference:** 12 CFR 707
- **Publication date:** 1999-06-21
- **Effective date:** 1999-07-21
## Abstract

The NCUA is adopting as a final rule without change the interim final amendments to part 707 issued by NCUA on December 29, 1998. Those amendments implemented certain statutory changes to the Truth in Savings Act (TISA). Specifically, they modified the rules governing indoor lobby signs, eliminated subsequent disclosure requirements for automatically renewable term share accounts with terms of one month or less, repealed TISA's civil liability provisions as of September 30, 2001, and permitted disclosure of an annual percentage yield (APY) equal to the contract dividend rate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/1999/06/21/99-15649/truth-in-savings)
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