Circular
Technical Amendment to Regulation B
September 11, 2003
Circular No. 11543

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

In a Federal Register notice, dated September 11, 2003, the Federal Reserve Board published a technical amendment to Regulation B (Equal Credit Opportunity). The amendment updates the model application form "Uniform Residential Loan Application" (Freddie Mac 65/Fannie Mae 1003) in Appendix B of regulation. The amendment is effective January 1, 2004.

On March 5, 2003, the Board published a final rule amending Regulation B (68 FR 13144) after a comprehensive review of the regulation. Appendix B contains model application forms, including joint Freddie Mac/Fannie Mae 'Uniform Residential Loan Application'' (Form 65/1003) for use in certain residential mortgage transactions. At the time the final rule was issued, Freddie Mac and Fannie Mae were in the process of revising Form 65/1003. This technical amendment to Regulation B replaces the prior version of Form 65/1003 with the new form that Freddie Mac/Fannie Mae have adopted.

Creditors should continue to use the current model form until January 1, 2004.

Questions on this matter may be directed, at this Bank, to Kathleen H. Hollings, Examining Officer, Legal and Compliance Risk.