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FRS

RIN: 7100-AD54

Publication ID: Fall 2010

Title: ●Regulation Z--Truth in Lending (Docket No. R-1392)
Abstract: The proposed amendments to Regulation Z, Truth in Lending, would implement section 1461 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1461 amends TILA to provide a separate, higher threshold for determining coverage of the Board’s escrow requirement applicable to higher-priced mortgage loans, for loans that exceed the maximum principal balance eligible for sale to Freddie Mac. The proposed rulemaking is to implement a statutory revision to the loan-pricing threshold for determining coverage of the Board's escrow requirement applicable to higher-priced mortgage loans for "jumbo" loans.
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 226.35(b)(3)(v)
Legal Authority: 15 USC 1604(a)

Legal Deadline:  None

Timetable: Action Date FR Cite Board Requested Comment  09/24/2010  75 FR 58505    Board Expects Further Action  12/00/2010

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: Businesses	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Paul Mondor Attorney Federal Reserve System Division of Consumer and Community Affairs, Phone:202 452-3667 Email: paul.mondor@frb.gov