Regulation B -- Equal Credit Opportunity
April 17, 1998
Circular No. 11048

Changes in Model Forms, Effective April 30

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

The following is from a statement by the Board of Governors of the Federal Reserve System:

The Federal Reserve Board has amended some model forms in its Regulation B, Equal Credit Opportunity, to reflect changes to disclosures required by recent amendments to the Fair Credit Reporting Act.

Statutory changes require that additional disclosures be given to a consumer who is denied credit based on information from an affiliate or from a consumer reporting agency. The new model forms go into effect on April 30.

Enclosed is the Board's official notice in this matter, including the amended model forms, as published in the Federal Register of April 3 is available as a file. Questions on this matter may be directed to Janice A. Oser, Examining Officer, Compliance Examinations Department.