other · Treasury · Rule · Published 1998-07-17 · 63 FR 38461
Document
Document number
98-19143
Federal Register citation
63 FR 38461
CFR reference
12 CFR 560
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
1998-07-17
Treasury docket
No. 98-70
Abstract
The Office of Thrift Supervision (OTS) is issuing a final rule revising adjustable-rate mortgage loan (ARM) disclosure requirements for savings associations. In the interim final rule, the OTS conformed its ARM disclosure rule text to recent changes to related disclosure provisions in Regulation Z, which was issued by the Federal Reserve Board (FRB) under the Truth in Lending Act (TILA). In today's final rule, the OTS replaces its existing rule with a simple cross-reference to the Regulation Z disclosure provisions. The rule also makes minor technical changes. This substitution does not affect the rule's function of promoting safe and sound lending by savings associations nor OTS's enforcement of its provisions.