8.4.2009
Federal Reserve Board Proposes More Changes to Truth-in-Lending
On July 23, 2009, the Federal Reserve Board (the “Board”) published proposed rules that will make more sweeping changes to Truth-in-Lending’s (“TILA”) closed-end residential loan and dwelling-secured open-end credit plan rules. The changes would impact the disclosures given at all stages of the loan process. Comments are due by November 27, 2009.