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Equal Credit Opportunity

Fed · final-rule · Published 2007-11-09 · Effective 2007-12-10 · 72 FR 63445

Document

Document number
E7-21697
Federal Register citation
72 FR 63445
CFR reference
12 CFR 202
Type
Rule
Action
Final rule; official staff interpretation.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2007-11-09
Effective date
2007-12-10
Docket
Regulation B

Abstract

The Board is amending Regulation B, which implements the Equal Credit Opportunity Act, and the official staff commentary to the regulation, to withdraw portions of the interim final rules for the electronic delivery of disclosures issued March 30, 2001. The interim final rules address the timing and delivery of electronic disclosures, consistent with the requirements of the Electronic Signatures in Global and National Commerce Act (E-Sign Act). Because compliance with the 2001 interim final rules has not been mandatory, withdrawal of these provisions from the Code of Federal Regulations reduces confusion about the status of the provisions and simplifies the regulation. In addition, the Board is adopting final amendments to Regulation B to provide guidance on the electronic delivery of disclosures. For example, the final rules provide that when an application is accessed by an applicant in electronic form, disclosures may be provided to the consumer in electronic form on or with the application without regard to the consumer consent and other provisions of the E-Sign Act. Similar final rules are being adopted under other consumer financial services regulations administered by the Board.

Source

Authoritative
Federal Register document
Machine
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