United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 1995_register executive 2010-09-25 article Rules and Regulations D09002ee1be0638ab D09002ee1be063d73 United States Federal Reserve System originator org United States Government Agency or Subagency The Board is publishing amendments to Regulation Z (Truth in Lending). The amendments implement changes made to the Truth in Lending Act by the Riegle Community Development and Regulatory Improvement Act of 1994. The law imposes new disclosure requirements and substantive limitations on closed-end home equity mortgage loans bearing rates or fees above a certain percentage or amount. The amendments provide protection to consumers entering into these mortgages. The law also imposes new disclosure requirements to assist consumers in comparing the cost of reverse mortgage transactions, which provide periodic advances primarily to elderly homeowners and rely principally on the home's value for repayment. 60 FR 15463 https://www.govinfo.gov/app/details/FR-1995-03-24/95-7231 95-7231 fr24mr95-2 6210-01-P Regulation Z Docket No. R-0858 https://www.govinfo.gov/app/details/FR-1995-03-24/95-7231 https://www.govinfo.gov/content/pkg/FR-1995-03-24/html/95-7231.htm https://www.govinfo.gov/content/pkg/FR-1995-03-24/pdf/95-7231.pdf 15 p. 15463 15477 60 FR 15463 Title 12 Part 226 12 CFR Part 226 Truth in Lending; Federal Register Vol. 60, Issue RULE 95-7231 FEDERAL RESERVE SYSTEM 1995-03-22 1995-10-01 Regulation Z Docket No. R-0858 6210-01-P 95-7231 Final rule.

The Board is publishing amendments to Regulation Z (Truth in Lending). The amendments implement changes made to the Truth in Lending Act by the Riegle Community Development and Regulatory Improvement Act of 1994. The law imposes new disclosure requirements and substantive limitations on closed-end home equity mortgage loans bearing rates or fees above a certain percentage or amount. The amendments provide protection to consumers entering into these mortgages. The law also imposes new disclosure requirements to assist consumers in comparing the cost of reverse mortgage transactions, which provide periodic advances primarily to elderly homeowners and rely principally on the home's value for repayment.

This rule is effective March 22, 1995. Compliance is optional until October 1, 1995. Jane Ahrens, Senior Attorney, or Kyung Cho-Miller, Sheilah Goodman, or Kurt Schumacher, Staff Attorneys, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, at (202) 452-3667 or 452-2412; for the hearing impaired only, Dorothea Thompson, Telecommunications Device for the Deaf, at (202) 452-3544. Vol. 60, no. 57 Office of the Federal Register, National Archives and Records Administration 1995-03-24 continuing daily deposited born digital 202 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-1995-03-24 P0b002ee180a8c2ad 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr24mr95 https://www.govinfo.gov/app/details/FR-1995-03-24 https://www.govinfo.gov/content/pkg/FR-1995-03-24/pdf/FR-1995-03-24.pdf fdlp 15457 15648 DGPO 2010-09-25 2023-05-07 FR-1995-03-24 machine generated eng FR FR-1995-03-24 60 57