FEDERAL RESERVE SYSTEM 12 CFR Part 213 [Regulation M; Docket No. R-1028] Consumer Leasing AGENCY: Board of Governors of the Federal Reserve System. ACTION: Proposed rule; official staff commentary. SUMMARY: The Board is publishing for comment proposed revisions to the official staff commentary to Regulation M, which implements the Consumer Leasing Act. The commentary applies and interprets the requirements of the regulation. The proposed update would provide guidance on disclosures for lease advertisements, multiple-item leases, renegotiations and extensions and estimates of official fees and taxes. EFFECTIVE DATE: Comments should be received by January 22, 1999.
ADDRESSES:: FOR FURTHER INFORMATION CONTACT: Kyung Cho-Miller, Staff Attorney, or Jane Ahrens, 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, Diane Jenkins at (202) 452-3544.
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Summary and proposed rule (25 KB PDF)
1998 Banking and consumer regulatory policy