Regulation Z Policy Update

Product Update Notification

Regulation Z Policy Template Update - 08/12/08

Bankpolicies.com is proud to announce the immediate availability of our revised Regulation Z Policy Template product.

This update is in response to the Federal Reserve Board Press Release dated July 14, 2008 that 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. The final rule, which amends Regulation Z (Truth in Lending), was adopted under the Home Ownership and Equity Protection Act (HOEPA).

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

What's Revised and Deleted

Click here to review detailed subject matter regarding this updated product.

Product Contents

Purpose and Contents - Topic 1

Policy Statement - Topic 2

Definitions - Topic 3

Exempt Transactions - Topic 4

Finance Charge - Topic 5

Open End Credit - General Disclosure Requirements - Topic 6

Open End Credit - Credit and Charge Card Applications and Solicitations - Topic 7

Open End Credit - Requirements for Home Equity Plans - Topic 8

Open End Credit - Initial Disclosure Statement Requirements - Topic 9

Open End Credit - Periodic Statement Requirements - Topic 10

Open End Credit - Identification of Transactions - Topic 11

Open End Credit - Subsequent Disclosure Requirements - Topic 12

Open End Credit - Prompt Crediting of Payments - Topic 13

Open End Credit - Treatment of Credit Balances - Topic 14

Open End Credit - Special Credit Card Provisions - Topic 15

Open End Credit - Billing Error Resolution Procedures - Topic 16

Open End Credit - Determination of Annual Percentage Rate - Topic 17

Open End Credit - Right of Rescission - Topic 18

Open End Credit - Advertising - Topic 19

Closed End Credit - General Disclosure Requirements - Topic 20

Closed End Credit - Content of Disclosures - Topic 21

Closed End Credit - Certain Residential Mortgage and Variable Rate Transactions - Topic 22

Closed End Credit - Subsequent Disclosure Requirements - Topic 23

Closed End Credit - Treatment of Credit Balances - Topic 24

Closed End Credit - Determination of Annual Percentage Rate - Topic 25

Closed End Credit - Right of Rescission - Topic 26

Closed End Credit - Advertising - Topic 27

Special Rules for Certain Home Mortgage Transactions - Topic 28

Audit Policy - Topic 29

Training and Monitoring Procedures - Topic 30

Retention of Documentation - Topic 31

Ordering Information

This product is available to purchase from Bankpolicies.com for:

$375.00 - List Price

- or -

$75.00* - Update Price

*Applies only to clients who have purchased our Regulation Z Policy Template within the last three years in addition to the following prior update (if applicable):

Regulation Z Policy Template Update - 12/18/07 - $50.00

If you have ordered this product after 07/12/08 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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