Regulation Z (Truth in Lending): Annual Adjustment Affecting Disclosure - Circulars

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Circular

Regulation Z (Truth in Lending): Annual Adjustment Affecting Disclosure

October 2, 2002

Circular No. 11467

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

In a press release, the Federal Reserve Board announced its annual adjustment - from $480 to $488 effective January 1, 2003 - of the dollar amount that triggers additional disclosure requirements under the Truth in Lending Act for mortgage loans that bear rates or fees above a certain amount.

The Board's notice is attached.

Questions on this matter may be directed, at this Bank, to Maryanne Campbell, Senior Bank Examiner, Legal and Compliance Risk Department.

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