Fed Proposes Changes to Regulation Z - Truth in Lending
The Federal Reserve has proposed changes to Regulation Z that would revise the disclosure requirements for mortgage loans. 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). Under the MDIA, the proposed rules would become effective on July 30, 2009.
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