83 FR 59276 - Truth in Lending (Regulation Z)
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 | 59276-59278 | |
| FR Document | 2018-25398 |
[Federal Register Volume 83, Number 226 (Friday, November 23, 2018)] [Rules and Regulations] [Pages 59276-59278] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-25398] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM 12 CFR Part 226 [Docket No. R-1633] RIN 7100-AF25 BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1026 RIN 3170-AA90 Truth in Lending (Regulation Z) 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 publishing final rules amending the official interpretations and commentary for the agencies' regulations that implement the Truth in Lending Act (TILA). The Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended TILA by requiring that the dollar threshold for exempt consumer credit transactions 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. [[Page 59277]] 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. Because the Dodd-Frank Act also requires similar adjustments in the Consumer Leasing Act's threshold for exempt consumer leases, the Board and the Bureau are making similar amendments to each of their respective regulations implementing the Consumer Leasing 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 Truth in Lending Act (TILA) for exempt consumer credit transactions,\1\ and the threshold in the Consumer Leasing Act (CLA) for exempt consumer leases, 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 Z (which implements TILA) consistent with these provisions of the Dodd-Frank Act, along with a similar final rule amending Regulation M (which implements the CLA) (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 18354 (Apr. 4, 2011); 76 FR 18349 (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 Z implementing TILA, 12 CFR part 1026, substantially duplicating the Board's Regulation Z.\4\ Although the Bureau has the authority to issue rules to implement TILA for most entities, the Board retains authority to issue rules under TILA for certain motor vehicle dealers covered by section 1029(a) of the Dodd-Frank Act, and the Board's Regulation Z continues to apply to those entities.\5\ --------------------------------------------------------------------------- \4\ See 76 FR 79768 (Dec. 22, 2011); 81 FR 25323 (Apr. 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 Z exemption threshold annually, in accordance with these rules. --------------------------------------------------------------------------- \6\ 12 CFR 226.3(b)(1)(ii) (Board) and 12 CFR 1026.3(b)(1)(ii) (Bureau). \7\ See comments 3(b)-1 in Supplements I of 12 CFR parts 226 and 1026. --------------------------------------------------------------------------- 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 Z Adjustment Calculation Rule).\8\ The Regulation Z 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 Z 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 86260 (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 3(b)- [[Page 59278]] 3.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. 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 Z 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 226 Advertising, Consumer protection, Federal Reserve System, Reporting and recordkeeping requirements, Truth in lending. 12 CFR Part 1026 Advertising, Appraisal, Appraiser, Banking, Banks, Consumer protection, Credit, Credit unions, Mortgages, National banks, Reporting and recordkeeping requirements, Savings associations, 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 Z, 12 CFR part 226, as set forth below: PART 226--TRUTH IN LENDING (REGULATION Z) 0 1. The authority citation for part 226 continues to read as follows: Authority: 12 U.S.C. 3806; 15 U.S.C. 1604, 1637(c)(5), 1639(l) and 1639h; Pub. L. 111-24, section 2, 123 Stat. 1734; Pub. L. 111- 203, 124 Stat. 1376. 0 2. In Supplement I to part 226, under Section 226.3--Exempt Transactions, under 3(b) Credit over applicable threshold amount, paragraph 3.x is added to read as follows: Supplement I to Part 226--Official Staff Interpretations * * * * * Subpart A--General * * * * * Section 226.3--Exempt Transactions * * * * * 3(b) Credit over applicable threshold amount. * * * * * 3. * * * 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 Z, 12 CFR part 1026, as set forth below: PART 1026--TRUTH IN LENDING (REGULATION Z) 0 3. The authority citation for part 1026 continues to read as follows: Authority: 12 U.S.C. 2601, 2603-2605, 2607, 2609, 2617, 3353, 5511, 5512, 5532, 5581; 15 U.S.C. 1601 et seq. 0 4. In Supplement I to part 1026, under Section 1026.3--Exempt Transactions, under 3(b)--Credit Over Applicable Threshold Amount, paragraph 3.x is added to read as follows: Supplement I to Part 1026--Official Interpretations * * * * * Section 1026.3--Exempt Transactions * * * * * 3(b) Credit Over Applicable Threshold Amount * * * * * 3. * * * 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. 2018-25398 Filed 11-21-18; 8:45 am] BILLING CODE 4810-AM-P; 6210-01-P
![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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![59278 Federal Register / Vol. 83, No. 226 / Friday, November 23, 2018 / Rules and Regulations
3.x to state that, from January 1, 2019 recordkeeping requirements, Truth in under 3(b)—Credit Over Applicable
through December 31, 2019, the lending. Threshold Amount, paragraph 3.x is
threshold amount is $57,200. These added to read as follows:
12 CFR Part 1026
revisions are effective January 1, 2019.
Advertising, Appraisal, Appraiser, Supplement I to Part 1026—Official
III. Regulatory Analysis Banking, Banks, Consumer protection, Interpretations
Administrative Procedure Act Credit, Credit unions, Mortgages, * * * * *
National banks, Reporting and
Under the Administrative Procedure Section 1026.3—Exempt Transactions
recordkeeping requirements, Savings
Act, notice and opportunity for public
associations, Truth in lending. * * * * *
comment are not required if the Board
and the Bureau find that notice and Board of Governors of the Federal 3(b) Credit Over Applicable Threshold
public comment are impracticable, Reserve System Amount
unnecessary, or contrary to the public Authority and Issuance * * * * *
interest.9 The amendments in this rule 3. * * *
are technical and apply the method For the reasons set forth in the
preamble, the Board amends Regulation x. From January 1, 2019 through
previously set forth in the Board Final December 31, 2019, the threshold
Threshold Rules and the Regulation Z Z, 12 CFR part 226, as set forth below:
amount is $57,200.
Adjustment Calculation Rule. For these
PART 226—TRUTH IN LENDING * * * * *
reasons, the Board and the Bureau have
(REGULATION Z)
determined that publishing a notice of By order of the Board of Governors of the
proposed rulemaking and providing Federal Reserve System, under delegated
■ 1. The authority citation for part 226
opportunity for public comment are authority, November 7, 2018.
continues to read as follows:
unnecessary. Therefore, the Ann E. Misback,
Authority: 12 U.S.C. 3806; 15 U.S.C. 1604,
amendments are adopted in final form. 1637(c)(5), 1639(l) and 1639h; Pub. L. 111–
Secretary of the Board.
Regulatory Flexibility Act 24, section 2, 123 Stat. 1734; Pub. L. 111– Dated: November 9, 2018.
203, 124 Stat. 1376. Mick Mulvaney,
The Regulatory Flexibility Act (RFA)
■ 2. In Supplement I to part 226, under Acting Director, Bureau of Consumer
does not apply to a rulemaking where a Financial Protection.
general notice of proposed rulemaking Section 226.3—Exempt Transactions,
under 3(b) Credit over applicable [FR Doc. 2018–25398 Filed 11–21–18; 8:45 am]
is not required.10 As noted previously,
the agencies have determined that it is threshold amount, paragraph 3.x is BILLING CODE 4810–AM–P; 6210–01–P
unnecessary to publish a general notice added to read as follows:
of proposed rulemaking for this joint Supplement I to Part 226—Official Staff
final rule. Accordingly, the RFA’s DEPARTMENT OF TRANSPORTATION
Interpretations
requirements relating to an initial and
final regulatory flexibility analysis do * * * * * Federal Aviation Administration
not apply. Subpart A—General
14 CFR Part 39
Paperwork Reduction Act * * * * *
[Docket No. FAA–2018–0298; Product
In accordance with the Paperwork Section 226.3—Exempt Transactions Identifier 2017–NM–179–AD; Amendment
Reduction Act of 1995,11 the agencies 39–19488; AD 2018–23–02]
reviewed this final rule. No collections * * * * *
3(b) Credit over applicable threshold RIN 2120–AA64
of information pursuant to the
amount.
Paperwork Reduction Act are contained Airworthiness Directives; Airbus SAS
in the final rule. * * * * *
3. * * * Airplanes
Bureau Congressional Review Act x. From January 1, 2019 through AGENCY: Federal Aviation
Statement December 31, 2019, the threshold Administration (FAA), Department of
Pursuant to the Congressional Review amount is $57,200. Transportation (DOT).
Act (5 U.S.C. 801 et seq.), the Bureau * * * * * ACTION: Final rule.
will submit a report containing this rule Bureau of Consumer Financial
and other required information to the SUMMARY: We are adopting a new
Protection
U.S. Senate, the U.S. House of airworthiness directive (AD) for all
Representatives, and the Comptroller Authority and Issuance Airbus SAS Model A318 and A319
General of the United States prior to the For the reasons set forth in the series airplanes; Model A320–211,
rule taking effect. The Office of preamble, the Bureau amends A320–212, A320–214, A320–216, A320–
Information and Regulatory Affairs Regulation Z, 12 CFR part 1026, as set 231, A320–232, and A320–233
(OIRA) has designated this rule as not forth below: airplanes; and Model A321–111, A321–
a ‘‘major rule’’ as defined by 5 U.S.C. 112, A321–131, A321–211, A321–212,
804(2). PART 1026—TRUTH IN LENDING A321–213, A321–231, and A321–232
(REGULATION Z) airplanes. This AD was prompted by
List of Subjects
reports of missing assembly hardware
12 CFR Part 226 ■ 3. The authority citation for part 1026 on the trimmable horizontal stabilizer
amozie on DSK3GDR082PROD with RULES
continues to read as follows: actuator (THSA). This AD requires
Advertising, Consumer protection,
Federal Reserve System, Reporting and Authority: 12 U.S.C. 2601, 2603–2605, repetitive inspections and checks of the
2607, 2609, 2617, 3353, 5511, 5512, 5532, lower and upper THSA attachments and
95
5581; 15 U.S.C. 1601 et seq. applicable related investigative and
U.S.C. 553(b)(B).
10 5 U.S.C. 603 and 604. ■ 4. In Supplement I to part 1026, under corrective actions; a one-time inspection
11 44 U.S.C. 3506; 5 CFR part 1320. Section 1026.3—Exempt Transactions, of the THSA lower attachment and
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Document Created: 2018-11-27 12:58:34
Document Modified: 2018-11-27 12:58:34
| 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 59276 | |
| RIN Number | 7100-AF25 and 3170-AA90 | |
| CFR Citation | 12
CFR
1026 12 CFR 226 | |
| CFR Associated | Appraisal; Appraiser; Banking; Banks; Credit; Credit Unions; Mortgages; National Banks; Savings Associations; Advertising; Consumer Protection; Federal Reserve System; Reporting and Recordkeeping Requirements and Truth in Lending |
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