Truth in Lending 2004

摘要

In March 2004, the Federal Reserve Board (FRB) amended Regulation Z and its Official Staff Commentary (the "Commentary"). In addition to making technical revisions to the Commentary, the FRB amended Regulation Z and the Commentary to clarify the definition of the word "amount." It revised the Commentary to provide new guidance in connection with a consumer's right to rescind certain home-secured loans. Finally, the FRB elected not to finalize an earlier proposal to modify the "clear and conspicuous" disclosure requirement.