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The Federal Reserve Board today announced that it has issued a revised Consumer Handbook on Adjustable Rate Mortgages brochure.
Regulation Z, which implements the Truth in Lending Act, requires creditors to provide the brochure, or a suitable substitute, to consumers when an application form is provided or before the consumer pays a nonrefundable fee. Creditors may use the earlier version of the brochure until existing supplies are exhausted. Copies of the revised brochure are available from Publications Services, Mail Stop 127, Board of Governors of the Federal Reserve System, Washington, DC 20551. The first 100 copies are free. The brochure also is available on the Board's public website at http://www.federalreserve.gov/consumers.htm |