CA 15-6:
Revised Interagency Examination Procedures for Regulation Z and Regulation X
OF THE FEDERAL RESERVE SYSTEM
WASHINGTON, D.C. 20551
DIVISION OF CONSUMER
AND COMMUNITY AFFAIRS
September 22, 2015
TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS
Revised Interagency Examination Procedures for Regulation Z and Regulation X
The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently developed the attached interagency examination procedures for Regulation Z – Truth in Lending (TILA) and Regulation X – Real Estate Settlement Procedures Act (RESPA). These revised examination procedures supersede the examination procedures transmitted with CA Letter 15-03.
The attached procedures reflect recent amendments to Regulation Z and Regulation X, published by the Consumer Financial Protection Bureau (CFPB) in the Federal Register in July 2015, that extend the effective date for the CFPB’s new TILA-RESPA integrated disclosure rules from August 1, 2015 to October 3, 2015. The attached procedures also incorporate minor, technical edits.
If you have any questions concerning this guidance, please contact Dana Miller, Senior Supervisory Consumer Financial Services Analyst, at (202) 452-2751, or Amy Henderson, Managing Counsel, at (202) 452-3140. In addition, questions may be sent via the Board’s public website. 1
signed by
Eric S. Belsky
Director
Division of Consumer
and Community Affairs
CA 15-03 “Revised RESPA Interagency Examination Procedures” (April 30, 2015)