Meeting date: May 23, 2007

1. Proposed Amendments to Regulation Z (Truth in Lending)
   Memorandum (222 KB PDF)
2. Draft Federal Register notice
   Section 1 (198 KB PDF)
   • Summary
   • Background on TILA and Regulation Z
   • Summary of major proposed changes
   • The Board's review of open-end credit rules
   • The Board's rulemaking authority
   • Discussion of major proposed revisions
   Section 2 (682 KB PDF)
   
   • Section-by-section analysis
   • Initial Regulatory Flexibility Act analysis
   • Paperwork Reduction Act
   Section 3 (522 KB PDF)
   
   • Redesignation Table
   • Text of proposed revisions
   Section 4 (699 KB PDF)
   
   • Official staff interpretations
3. Model forms and samples
   1. G-10 (A) (34 KB PDF) Applications and solicitations model form (credit cards)
   2. G-10 (B) (37 KB PDF) Applications and solicitations sample (credit cards)
   3. G-10 (C) (40 KB PDF) Applications and solicitations sample (credit cards)
   4. G-10 (D) (83 KB PDF) Applications and solicitations model form (charge cards)
   5. G-10 (E) (102 KB PDF) Applications and solicitations sample (charge cards)
   6. G-17 (A) (34 KB PDF) Account-opening model form
   7. G-17 (B) (129 KB PDF) Account-opening sample
   8. G-17 (C) (160 KB PDF) Account-opening sample
   9. G-18 (A) (145 KB PDF) Periodic statement transactions: interest charges; fees sample
   10. G-18 (B) (154 KB PDF) Periodic statement fee-inclusive APR sample
   11. G-18 (E) (19 KB PDF) Periodic statement new balance, due date, late payment,
       and minimum payment sample (credit cards)
   12. G-18 (F) (17 KB PDF) Periodic statement new balance, due date, and late payment sample
       (open-end plans (non-credit-card accounts))
   13. G-18 (G) (215 KB PDF) Periodic statement form
   14. G-18 (H) (214 KB PDF) Periodic statement form
   15. G-19 (15 KB PDF) Checks accessing a credit card sample
   16. G-20 (18 KB PDF) Change-in-terms sample
   17. G-21 (16 KB PDF) Penalty rate increase sample
4. Design and Testing of Effective Truth-in-Lending Disclosures (8.4 MB PDF)
   Report submitted to the Board of Governors of the Federal Reserve System by Macro International Inc.
5. Statement by Governor Randall S. Kroszner

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Last update: May 23, 2007