Board of Governors of the Federal Reserve System: Press Release [Truth in Lending]


Subject:
Housing , Investing , Mortgages , Mortgages

Description:
This press release describes how "[t]he Federal Reserve Board on Monday [July 14, 2008] approved a final rule for home mortgage loans to better protect consumers and facilitate responsible lending. The rule prohibits unfair, abusive or deceptive home mortgage lending practices and restricts certain other mortgage practices. The final rule also establishes advertising standards and requires certain mortgage disclosures to be given to consumers earlier in the transaction." Includes links.

Publisher:
Board of Governors of the Federal Reserve System

Language:
English

Source:
http://www.federalreserve.gov/newsevents/press/bcreg/20080714a.htm


PID= res:lii-26507