View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
FRS | RIN: 7100-AD25 | Publication ID: Fall 2008 |
Title: ●Regulation C--Home Mortgage Disclosure (Docket No. R-1321) | |
Abstract: The Board has proposed to amend Regulation C (Home Mortgage Disclosure) to revise the rules for reporting price information on higher-priced mortgage loans. The rules would be conformed to the definition of "higher-priced mortgage loan" adopted by the Board under Regulation Z (Truth in Lending). Regulation C currently requires lenders to report the rate-spread when the APR on a loan exceeds Treasury securities of comparable maturity by specified thresholds. Under the proposal, lenders would report based on a survey-based estimate of rates currently offered on prime mortgage loans of a comparable type, rather than using Treasury securities as the benchmark. | |
Agency: Federal Reserve System(FRS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 203 a 12 CFR 203i (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 12 USC 2801 to 2810 |
Legal Deadline:
None |
|||||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: John C. Wood Counsel Federal Reserve System Division of Consumer and Community Affairs, Phone:202 452-2412 |