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FRS RIN: 7100-AD46 Publication ID: Fall 2010 
Title: Regulation Z--Truth in Lending (Docket No. 1378) 
Abstract: On May 20, 2009, the Helping Families Save Their Homes Act was enacted, which amended the Truth in Lending Act to establish a new requirement for notifying consumers of the sale or transfer of their mortgage loan. The statutory amendment became effective immediately upon enactment on November 20, 2009. The Board issued an interim final rule that was effective immediately so that the parties subject to the new statutory requirement would have guidance on how to comply. To allow time for necessary operational changes, compliance with the interim final rule was optional for 60 days from the date of publication; during that period covered persons continued to be subject to the statutory requirements. On August 16, 2010, the Board issued a final rule that is substantially similar to the proposed rule. Covered persons may comply with the interim rule or the final rule until April 1, 2011, which is the mandatory compliance date for the final rule. 
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 226   
Legal Authority: 15 USC 1604    5 USC 553(b)    12 USC 4802(6)(I)(A)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Issued Interim Rule  11/20/2009  74 FR 60143   
Board Adopted Final Rule  09/24/2010  75 FR 58489   
Final Rule Effective  01/01/2011    
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:
Jelena McWilliams
Attorney - Division of Consumer and Community Affairs
Federal Reserve System
Phone:202 452-3667