Release Date: December 17, 2008
For immediate release
The Federal Reserve Board on Wednesday extended the end of the comment period on its proposal to revise the disclosure requirements for mortgage loans under Regulation Z (Truth in Lending) from January 23, 2009, to February 9, 2009. The revisions would implement the Mortgage Disclosure Improvement Act (MDIA), which was enacted in July 2008 as an amendment to the Truth in Lending Act (TILA). The extension is granted to give the public additional time to comment on the proposal.
The Board's notice is attached.
Related press release:
December 5, 2008