# Truth in Lending
> **US Federal Reserve System** · Final rule; official staff interpretation. · Published 1999-04-06 · Effective 1999-03-31 · 64 FR 16614
## Document
- **Document number:** 99-8413
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 64 FR 16614
- **CFR reference:** 12 CFR 226
- **Publication date:** 1999-04-06
- **Effective date:** 1999-03-31
- **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 the regulation. The update addresses the prohibition against the issuance of unsolicited credit cards. It provides guidance on calculating payment schedules involving private mortgage insurance. In addition, the update discusses credit sale transactions where downpayments include cash and property used as a trade-in, and adopts several technical amendments.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/04/06/99-8413/truth-in-lending)
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