Federal Reserve Board Approves Final Rules Revising Regulation Z (Truth in Lending)

May 29, 2009

The Federal Reserve Board on May 7, 2009 approved final rules that revise the disclosure requirements for mortgage loans under Regulation Z (Truth in Lending). The revisions implement the Mortgage Disclosure Improvement Act (MDIA), which was enacted in July 2008 as an amendment to the Truth in Lending Act (TILA).