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FRS RIN: 7100-AD25 Publication ID: Spring 2009 
Title: Regulation C--Home Mortgage Disclosure (Docket No. R-1321) 
Abstract: The Board proposed in July 2008, 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. In October 2008, the Board adopted final revisions to Regulation C, substantially as proposed, but with a later effective date of October 1, 2009, instead of January 1, 2009, as had been proposed. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 203a    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:
Action Date FR Cite
Board Requested Comment  07/30/2008  73 FR 44189   
Board Adopted Final Rule  10/24/2008  73 FR 63329   
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