83 FR 59274 - Consumer Leasing (Regulation M)
FEDERAL RESERVE SYSTEM
BUREAU OF CONSUMER FINANCIAL PROTECTION Federal Register Volume 83, Issue 226 (November 23, 2018)
BUREAU OF CONSUMER FINANCIAL PROTECTION
Federal Register Volume 83, Issue 226 (November 23, 2018)
| Page Range | 59274-59276 | |
| FR Document | 2018-25396 |
[Federal Register Volume 83, Number 226 (Friday, November 23, 2018)] [Rules and Regulations] [Pages 59274-59276] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-25396] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM 12 CFR Part 213 [Docket No. R-1632] RIN 7100-AF24 BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1013 RIN 3170-AA89 Consumer Leasing (Regulation M) AGENCY: Board of Governors of the Federal Reserve System (Board); and Bureau of Consumer Financial Protection (Bureau). ACTION: Final rules, official interpretations and commentary. ----------------------------------------------------------------------- SUMMARY: The Board and the Bureau are finalizing amendments to the official interpretations and commentary for the agencies' regulations that implement the Consumer Leasing Act (CLA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the CLA by requiring that the dollar threshold for exempt consumer leases be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If there is no annual percentage increase in the CPI-W, the Board and the Bureau will not adjust this exemption threshold from the prior year. However, in years following a year in which the exemption threshold was not adjusted, the threshold is calculated by applying the annual percentage change in the CPI-W to the dollar amount that would have resulted, after rounding, if the decreases and any subsequent increases in the CPI-W had been taken into account. Based on the annual percentage increase in the CPI-W as of June 1, 2018, the exemption threshold will increase from $55,800 to $57,200 effective January 1, 2019. [[Page 59275]] Because the Dodd-Frank Act also requires similar adjustments in the Truth in Lending Act's threshold for exempt consumer credit transactions, the Board and the Bureau are making similar amendments to each of their respective regulations implementing the Truth in Lending Act elsewhere in this issue of the Federal Register. DATES: This final rule is effective January 1, 2019. FOR FURTHER INFORMATION CONTACT: Board: Vivian W. Wong, Senior Counsel, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, at (202) 452-3667; for users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263-4869. Bureau: Shelley Thompson, Counsel, Office of Regulations, Bureau of Consumer Financial Protection, at (202) 435-7700. SUPPLEMENTARY INFORMATION: I. Background The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) increased the threshold in the Consumer Leasing Act (CLA) for exempt consumer leases, and the threshold in the Truth in Lending Act (TILA) for exempt consumer credit transactions,\1\ from $25,000 to $50,000, effective July 21, 2011.\2\ In addition, the Dodd- Frank Act requires that, on and after December 31, 2011, these thresholds be adjusted annually for inflation by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), as published by the Bureau of Labor Statistics. In April 2011, the Board issued a final rule amending Regulation M (which implements the CLA) consistent with these provisions of the Dodd-Frank Act, along with a similar final rule amending Regulation Z (which implements TILA) (collectively, the Board Final Threshold Rules).\3\ --------------------------------------------------------------------------- \1\ Although consumer credit transactions above the threshold are generally exempt, loans secured by real property or by personal property used or expected to be used as the principal dwelling of a consumer and private education loans are covered by TILA regardless of the loan amount. See 12 CFR 226.3(b)(1)(i) (Board) and 12 CFR 1026.3(b)(1)(i) (Bureau). \2\ Public Law 111-203, section 1100E, 124 Stat. 1376, 2111 (2010). \3\ 76 FR 18349 (Apr. 4, 2011); 76 FR 18354 (Apr. 4, 2011). --------------------------------------------------------------------------- Title X of the Dodd-Frank Act transferred rulemaking authority for a number of consumer financial protection laws from the Board to the Bureau, effective July 21, 2011. In connection with this transfer of rulemaking authority, the Bureau issued its own Regulation M implementing the CLA, 12 CFR part 1013, substantially duplicating the Board's Regulation M.\4\ Although the Bureau has the authority to issue rules to implement the CLA for most entities, the Board retains authority to issue rules under the CLA for certain motor vehicle dealers covered by section 1029(a) of the Dodd-Frank Act, and the Board's Regulation M continues to apply to those entities.\5\ --------------------------------------------------------------------------- \4\ See 76 FR 78500 (Dec. 19, 2011); 81 FR 25323 (April 28, 2016). \5\ Section 1029(a) of the Dodd-Frank Act states: ``Except as permitted in subsection (b), the Bureau may not exercise any rulemaking, supervisory, enforcement, or any other authority * * * over a motor vehicle dealer that is predominantly engaged in the sale and servicing of motor vehicles, the leasing and servicing of motor vehicles, or both.'' 12 U.S.C. 5519(a). Section 1029(b) of the Dodd-Frank Act states: ``Subsection (a) shall not apply to any person, to the extent that such person (1) provides consumers with any services related to residential or commercial mortgages or self- financing transactions involving real property; (2) operates a line of business (A) that involves the extension of retail credit or retail leases involving motor vehicles; and (B) in which (i) the extension of retail credit or retail leases are provided directly to consumers; and (ii) the contract governing such extension of retail credit or retail leases is not routinely assigned to an unaffiliated third party finance or leasing source; or (3) offers or provides a consumer financial product or service not involving or related to the sale, financing, leasing, rental, repair, refurbishment, maintenance, or other servicing of motor vehicles, motor vehicle parts, or any related or ancillary product or service.'' 12 U.S.C. 5519(b). --------------------------------------------------------------------------- The Board's and the Bureau's regulations,\6\ and their accompanying commentaries, provide that the exemption threshold will be adjusted annually effective January 1 of each year based on any annual percentage increase in the CPI-W that was in effect on the preceding June 1. They further provide that any increase in the threshold amount will be rounded to the nearest $100 increment. For example, if the annual percentage increase in the CPI-W would result in a $950 increase in the threshold amount, the threshold amount will be increased by $1,000. However, if the annual percentage increase in the CPI-W would result in a $949 increase in the threshold amount, the threshold amount will be increased by $900.\7\ Since 2011, the Board and the Bureau have adjusted the Regulation M exemption threshold annually, in accordance with these rules. --------------------------------------------------------------------------- \6\ 12 CFR 213.2(e)(1) (Board) and 12 CFR 1013.2(e)(1) (Bureau). \7\ See comments 2(e)-9 in Supplements I of 12 CFR parts 213 and 1013. --------------------------------------------------------------------------- On November 30, 2016, the Board and the Bureau published a final rule in the Federal Register to memorialize the calculation method used by the agencies each year to adjust the exemption threshold to ensure that, as contemplated by section 1100E(b) of the Dodd-Frank Act, the values for the exemption threshold keep pace with the CPI-W (Regulation M Adjustment Calculation Rule).\8\ The Regulation M Adjustment Calculation Rule memorialized the policy that, if there is no annual percentage increase in the CPI-W, the Board and Bureau will not adjust the exemption threshold from the prior year. The Regulation M Adjustment Calculation Rule also provided that, in years following a year in which the exemption threshold was not adjusted because there was a decrease in the CPI-W from the previous year, the threshold is calculated by applying the annual percentage change in the CPI-W to the dollar amount that would have resulted, after rounding, if the decreases and any subsequent increases in the CPI-W had been taken into account. If the resulting amount calculated, after rounding, is greater than the current threshold, then the threshold effective January 1 the following year will increase accordingly; if the resulting amount calculated, after rounding, is equal to or less than the current threshold, then the threshold effective January 1 the following year will not change, but future increases will be calculated based on the amount that would have resulted, after rounding. --------------------------------------------------------------------------- \8\ See 81 FR 86256 (Nov. 30, 2016). --------------------------------------------------------------------------- II. 2019 Adjustment and Commentary Revision Effective January 1, 2019, the exemption threshold amount is increased from $55,800 to $57,200. This is based on the CPI-W in effect on June 1, 2018, which was reported on May 10, 2018. The Bureau of Labor Statistics publishes consumer-based indices monthly, but does not report a CPI change on June 1; adjustments are reported in the middle of the prior month. The CPI-W is a subset of the CPI-U index (based on all urban consumers) and represents approximately 29 percent of the U.S. population. The CPI-W reported on May 10, 2018 reflects a 2.6 percent increase in the CPI-W from April 2017 to April 2018. Accordingly, the 2.6 percent increase in the CPI-W from April 2017 to April 2018 results in an exemption threshold amount of $57,200. The Board and the Bureau are revising the commentaries to their respective regulations to add new comment 2(e)-11.x to state that, from January 1, 2019 through December 31, 2019, the threshold amount is $57,200. These revisions are effective January 1, 2019. [[Page 59276]] III. Regulatory Analysis Administrative Procedure Act Under the Administrative Procedure Act, notice and opportunity for public comment are not required if the Board and the Bureau find that notice and public comment are impracticable, unnecessary, or contrary to the public interest.\9\ The amendments in this rule are technical and apply the method previously set forth in the Board Final Threshold Rules and the Regulation M Adjustment Calculation Rule. For these reasons, the Board and the Bureau have determined that publishing a notice of proposed rulemaking and providing opportunity for public comment are unnecessary. Therefore, the amendments are adopted in final form. --------------------------------------------------------------------------- \9\ 5 U.S.C. 553(b)(B). --------------------------------------------------------------------------- Regulatory Flexibility Act The Regulatory Flexibility Act (RFA) does not apply to a rulemaking where a general notice of proposed rulemaking is not required.\10\ As noted previously, the agencies have determined that it is unnecessary to publish a general notice of proposed rulemaking for this joint final rule. Accordingly, the RFA's requirements relating to an initial and final regulatory flexibility analysis do not apply. --------------------------------------------------------------------------- \10\ 5 U.S.C. 603 and 604. --------------------------------------------------------------------------- Paperwork Reduction Act In accordance with the Paperwork Reduction Act of 1995,\11\ the agencies reviewed this final rule. No collections of information pursuant to the Paperwork Reduction Act are contained in the final rule. --------------------------------------------------------------------------- \11\ 44 U.S.C. 3506; 5 CFR part 1320. --------------------------------------------------------------------------- Bureau Congressional Review Act Statement Pursuant to the Congressional Review Act (5 U.S.C. 801 et seq.), the Bureau will submit a report containing this rule and other required information to the U.S. Senate, the U.S. House of Representatives, and the Comptroller General of the United States prior to the rule taking effect. The Office of Information and Regulatory Affairs (OIRA) has designated this rule as not a ``major rule'' as defined by 5 U.S.C. 804(2). List of Subjects 12 CFR Part 213 Advertising, Consumer leasing, Consumer protection, Federal Reserve System, Reporting and recordkeeping requirements. 12 CFR Part 1013 Advertising, Consumer leasing, Reporting and recordkeeping requirements, Truth in lending. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Authority and Issuance For the reasons set forth in the preamble, the Board amends Regulation M, 12 CFR part 213, as set forth below: PART 213--CONSUMER LEASING (REGULATION M) 0 1. The authority citation for part 213 continues to read as follows: Authority: 15 U.S.C. 1604 and 1667f; Pub. L. 111-203 section 1100E, 124 Stat. 1376. 0 2. In Supplement I to Part 213, under Section 213.2--Definitions, under 2(e) Consumer Lease, paragraph 11.x is added to read as follows: Supplement I to Part 213--Official Staff Interpretations * * * * * Section 213.2--Definitions * * * * * 2(e) Consumer Lease * * * * * 11. * * * x. From January 1, 2019 through December 31, 2019, the threshold amount is $57,200. * * * * * BUREAU OF CONSUMER FINANCIAL PROTECTION Authority and Issuance For the reasons set forth in the preamble, the Bureau amends Regulation M, 12 CFR part 1013, as set forth below: PART 1013--CONSUMER LEASING (REGULATION M) 0 3. The authority citation for part 1013 continues to read as follows: Authority: 15 U.S.C. 1604 and 1667f; Pub. L. 111-203 section 1100E, 124 Stat. 1376. 0 4. In Supplement I to part 1013, under Section 1013.2--Definitions, under 2(e)--Consumer Lease, paragraph 11.x is added to read as follows: Supplement I to Part 1013--Official Interpretations * * * * * Section 1013.2--Definitions * * * * * 2(e) Consumer Lease * * * * * 11. * * * x. From January 1, 2019 through December 31, 2019, the threshold amount is $57,200. * * * * * By order of the Board of Governors of the Federal Reserve System, under delegated authority, November 7, 2018. Ann E. Misback, Secretary of the Board. Dated: November 9, 2018. Mick Mulvaney, Acting Director, Bureau of Consumer Financial Protection. [FR Doc. 2018-25396 Filed 11-21-18; 8:45 am] BILLING CODE 4810-AM-P; 6210-01-P
![59274 Federal Register / Vol. 83, No. 226 / Friday, November 23, 2018 / Rules and Regulations
List of Subjects PART 226—TRUTH IN LENDING Dated: November 6, 2018.
(REGULATION Z) Joseph M. Otting,
12 CFR Part 34
Comptroller of the Currency.
Appraisal, Appraiser, Banks, Banking, ■ 3. The authority citation for part 226 By order of the Board of Governors of the
Consumer protection, Credit, Mortgages, continues to read as follows: Federal Reserve System under delegated
National banks, Reporting and authority, November 13, 2018.
recordkeeping requirements, Savings Authority: 12 U.S.C. 3806; 15 U.S.C. 1604,
1637(c)(5), 1639(l), and 1639h; Pub. L. 111– Ann E. Misback,
associations, Truth in lending. Secretary of the Board.
24, section 2, 123 Stat. 1734; Pub. L. 111–
12 CFR Part 226 203, 124 Stat. 1376. Dated: November 9, 2018.
Advertising, Appraisal, Appraiser, Mick Mulvaney,
■ 4. In Supplement I to part 226, under Acting Director, Bureau of Consumer
Consumer protection, Credit, Federal Section 226.43—Appraisals for Higher-
Reserve System, Mortgages, Reporting Financial Protection.
Risk Mortgage Loans, paragraph [FR Doc. 2018–25400 Filed 11–21–18; 8:45 am]
and recordkeeping requirements, Truth 43(b)(2), paragraph 3.vi is added to read
in lending. as follows:
BILLING CODE 4810–33–P; 6210–01–P; 4810–AM–P
12 CFR Part 1026 Supplement I to Part 226—Official Staff
Advertising, Appraisal, Appraiser, Interpretations FEDERAL RESERVE SYSTEM
Banking, Banks, Consumer protection,
* * * * * 12 CFR Part 213
Credit, Credit unions, Mortgages,
Section 226.43—Appraisals for Higher-Risk
National banks, Reporting and Mortgage Loans [Docket No. R–1632]
recordkeeping requirements, Savings
associations, Truth in lending. * * * * * RIN 7100–AF24
Paragraph 43(b)(2)
DEPARTMENT OF THE TREASURY BUREAU OF CONSUMER FINANCIAL
* * * * * PROTECTION
Office of the Comptroller of the 3. * * *
Currency vi. From January 1, 2019, through
December 31, 2019, the threshold amount is
12 CFR Part 1013
Authority and Issuance
$26,700. RIN 3170–AA89
For the reasons set forth in the
preamble, the OCC amends 12 CFR part * * * * *
Consumer Leasing (Regulation M)
34 as set forth below: Bureau of Consumer Financial
Protection AGENCY: Board of Governors of the
PART 34—REAL ESTATE LENDING Federal Reserve System (Board); and
AND APPRAISALS Authority and Issuance Bureau of Consumer Financial
For the reasons set forth in the Protection (Bureau).
■ 1. The authority citation for part 34
continues to read as follows: preamble, the Bureau amends ACTION: Final rules, official
Regulation Z, 12 CFR part 1026, as set interpretations and commentary.
Authority: 12 U.S.C. 1 et seq., 25b, 29, 93a,
371, 1462a, 1463, 1464, 1465, 1701j–3,
forth below:
SUMMARY: The Board and the Bureau are
1828(o), 3331 et seq., 5101 et seq., finalizing amendments to the official
5412(b)(2)(B) and 15 U.S.C. 1639h. PART 1026—TRUTH IN LENDING
(REGULATION Z) interpretations and commentary for the
■ 2. In Appendix C to Subpart G, under agencies’ regulations that implement the
Section 34.203—Appraisals for Higher- ■ 5. The authority citation for part 1026 Consumer Leasing Act (CLA). The
Priced Mortgage Loans, paragraph continues to read as follows: Dodd-Frank Wall Street Reform and
34.203(b)(2), paragraph 3.vi is added to Consumer Protection Act (Dodd-Frank
read as follows: Authority: 12 U.S.C. 2601, 2603–2605, Act) amended the CLA by requiring that
2607, 2609, 2617, 3353, 5511, 5512, 5532, the dollar threshold for exempt
Appendix C to Subpart G—OCC 5581; 15 U.S.C. 1601 et seq.
Interpretations consumer leases be adjusted annually
■ 6. In Supplement I to part 1026, under by the annual percentage increase in the
* * * * * Section 1026.35—Requirements for Consumer Price Index for Urban Wage
Section 34.203—Appraisals for Higher-Priced Higher-Priced Mortgage Loans, Earners and Clerical Workers (CPI–W).
Mortgage Loans paragraph 35(c)(2)(ii), paragraph 3.vi is If there is no annual percentage increase
* * * * * added to read as follows: in the CPI–W, the Board and the Bureau
will not adjust this exemption threshold
Paragraph 34.203(b)(2) Supplement I to Part 1026—Official from the prior year. However, in years
* * * * * Interpretations following a year in which the exemption
3. * * * * * * * * threshold was not adjusted, the
vi. From January 1, 2019, through threshold is calculated by applying the
December 31, 2019, the threshold amount is Section 1026.35—Requirements for Higher-
Priced Mortgage Loans annual percentage change in the CPI–W
$26,700.
to the dollar amount that would have
* * * * * * * * * * resulted, after rounding, if the decreases
Paragraph 35(c)(2)(ii) and any subsequent increases in the
amozie on DSK3GDR082PROD with RULES
Board of Governors of the Federal
Reserve System * * * * * CPI–W had been taken into account.
3. * * * Based on the annual percentage increase
Authority and Issuance vi. From January 1, 2019, through in the CPI–W as of June 1, 2018, the
For the reasons set forth in the December 31, 2019, the threshold amount is exemption threshold will increase from
preamble, the Board amends Regulation $26,700. $55,800 to $57,200 effective January 1,
Z, 12 CFR part 226, as set forth below: * * * * * 2019.
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![59276 Federal Register / Vol. 83, No. 226 / Friday, November 23, 2018 / Rules and Regulations
III. Regulatory Analysis 12 CFR Part 1013 2(e) Consumer Lease
Administrative Procedure Act Advertising, Consumer leasing, * * * * *
Reporting and recordkeeping 11. * * *
Under the Administrative Procedure requirements, Truth in lending. x. From January 1, 2019 through
Act, notice and opportunity for public December 31, 2019, the threshold
comment are not required if the Board BOARD OF GOVERNORS OF THE amount is $57,200.
and the Bureau find that notice and FEDERAL RESERVE SYSTEM
* * * * *
public comment are impracticable, Authority and Issuance
unnecessary, or contrary to the public By order of the Board of Governors of the
For the reasons set forth in the Federal Reserve System, under delegated
interest.9 The amendments in this rule
preamble, the Board amends Regulation authority, November 7, 2018.
are technical and apply the method
M, 12 CFR part 213, as set forth below: Ann E. Misback,
previously set forth in the Board Final
Threshold Rules and the Regulation M Secretary of the Board.
Adjustment Calculation Rule. For these PART 213—CONSUMER LEASING Dated: November 9, 2018.
reasons, the Board and the Bureau have (REGULATION M) Mick Mulvaney,
determined that publishing a notice of Acting Director, Bureau of Consumer
■ 1. The authority citation for part 213 Financial Protection.
proposed rulemaking and providing
continues to read as follows:
opportunity for public comment are [FR Doc. 2018–25396 Filed 11–21–18; 8:45 am]
unnecessary. Therefore, the Authority: 15 U.S.C. 1604 and 1667f; BILLING CODE 4810–AM–P; 6210–01–P
amendments are adopted in final form. Pub. L. 111–203 section 1100E, 124 Stat.
1376.
Regulatory Flexibility Act FEDERAL RESERVE SYSTEM
■ 2. In Supplement I to Part 213, under
The Regulatory Flexibility Act (RFA) Section 213.2—Definitions, under 2(e) 12 CFR Part 226
does not apply to a rulemaking where a Consumer Lease, paragraph 11.x is
general notice of proposed rulemaking added to read as follows: [Docket No. R–1633]
is not required.10 As noted previously, RIN 7100–AF25
the agencies have determined that it is Supplement I to Part 213—Official Staff
unnecessary to publish a general notice Interpretations
BUREAU OF CONSUMER FINANCIAL
of proposed rulemaking for this joint * * * * * PROTECTION
final rule. Accordingly, the RFA’s
Section 213.2—Definitions
requirements relating to an initial and 12 CFR Part 1026
final regulatory flexibility analysis do * * * * *
not apply. RIN 3170–AA90
2(e) Consumer Lease
Paperwork Reduction Act * * * * * Truth in Lending (Regulation Z)
In accordance with the Paperwork 11. * * * AGENCY: Board of Governors of the
Reduction Act of 1995,11 the agencies x. From January 1, 2019 through Federal Reserve System (Board); and
reviewed this final rule. No collections December 31, 2019, the threshold Bureau of Consumer Financial
of information pursuant to the amount is $57,200. Protection (Bureau).
Paperwork Reduction Act are contained * * * * * ACTION: Final rules, official
in the final rule. interpretations and commentary.
BUREAU OF CONSUMER FINANCIAL
Bureau Congressional Review Act PROTECTION SUMMARY: The Board and the Bureau are
Statement publishing final rules amending the
Authority and Issuance
Pursuant to the Congressional Review official interpretations and commentary
For the reasons set forth in the for the agencies’ regulations that
Act (5 U.S.C. 801 et seq.), the Bureau preamble, the Bureau amends
will submit a report containing this rule implement the Truth in Lending Act
Regulation M, 12 CFR part 1013, as set (TILA). The Dodd-Frank Wall Street
and other required information to the forth below:
U.S. Senate, the U.S. House of Reform and Consumer Protection Act
Representatives, and the Comptroller (Dodd-Frank Act) amended TILA by
PART 1013—CONSUMER LEASING requiring that the dollar threshold for
General of the United States prior to the (REGULATION M)
rule taking effect. The Office of exempt consumer credit transactions be
Information and Regulatory Affairs adjusted annually by the annual
■ 3. The authority citation for part 1013
(OIRA) has designated this rule as not percentage increase in the Consumer
continues to read as follows:
a ‘‘major rule’’ as defined by 5 U.S.C. Price Index for Urban Wage Earners and
Authority: 15 U.S.C. 1604 and 1667f; Pub. Clerical Workers (CPI–W). If there is no
804(2). L. 111–203 section 1100E, 124 Stat. 1376. annual percentage increase in the CPI–
List of Subjects ■ 4. In Supplement I to part 1013, under W, the Board and the Bureau will not
12 CFR Part 213 Section 1013.2—Definitions, under adjust this exemption threshold from
2(e)—Consumer Lease, paragraph 11.x is the prior year. However, in years
Advertising, Consumer leasing, added to read as follows: following a year in which the exemption
Consumer protection, Federal Reserve threshold was not adjusted, the
amozie on DSK3GDR082PROD with RULES
System, Reporting and recordkeeping Supplement I to Part 1013—Official threshold is calculated by applying the
requirements. Interpretations annual percentage change in the CPI–W
* * * * * to the dollar amount that would have
95 U.S.C. 553(b)(B). resulted, after rounding, if the decreases
10 5 U.S.C. 603 and 604.
Section 1013.2—Definitions and any subsequent increases in the
11 44 U.S.C. 3506; 5 CFR part 1320. * * * * * CPI–W had been taken into account.
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Document Created: 2018-11-27 12:59:37
Document Modified: 2018-11-27 12:59:37
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Final rules, official interpretations and commentary. | |
| Dates | This final rule is effective January 1, 2019. | |
| Contact | Board: Vivian W. Wong, Senior Counsel, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, at (202) 452-3667; for users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263-4869. | |
| FR Citation | 83 FR 59274 | |
| RIN Number | 7100-AF24 and 3170-AA89 | |
| CFR Citation | 12
CFR
1013 12 CFR 213 | |
| CFR Associated | Truth in Lending; Advertising; Consumer Leasing; Consumer Protection; Federal Reserve System and Reporting and Recordkeeping Requirements |
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