For immediate release

The Federal Reserve Board today published for comment proposed amendments to its Regulation C, Home Mortgage Disclosure. Comments are requested by April 27. The proposed amendments would modify the Loan Application Register to prepare for the Year 2000 data systems conversion. The proposed amendments would require institutions to enter the date of application and the date action was taken using four digits for the year as opposed to two digits. The proposal also deletes the requirement to report the institution's parent company on the Transmittal Sheet, and makes other technical changes. The Board's notice is attached.

Summary only | Summary and proposed rule (35 KB PDF)

1998 Banking and consumer regulatory policy