Truth in Lending
The year 1996 was the 2nd consecutive year in which substantial revisions were made to Regulation Z. The Federal Reserve Board (FRB) issued regulations implementing Congress' expanded disclosure error tolerances for certain loans secured by real estate or by a dwelling and clarified which mortg...
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| Veröffentlicht in: | The Business lawyer 1997-05, Vol.52 (3), p.1031-1045 |
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| container_end_page | 1045 |
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| container_issue | 3 |
| container_start_page | 1031 |
| container_title | The Business lawyer |
| container_volume | 52 |
| creator | Cook, Robert A. Kalas, John J. Meredith, Timothy P. Samlin, Scott D. Yen, Elizabeth C. |
| description | The year 1996 was the 2nd consecutive year in which substantial revisions were made to Regulation Z. The Federal Reserve Board (FRB) issued regulations implementing Congress' expanded disclosure error tolerances for certain loans secured by real estate or by a dwelling and clarified which mortgage-related fees and charges must be considered finance charges. The FRB also issued additional guidance concerning congressionally mandated preclosing disclosures for certain "high-cost" and "reverse" mortgages. In addition, the FRB issued ambiguous guidance in 1996 concerning the disclosure requirements for creditor-assessed "surcharges" on such things as extended warranty or service contracts. Truth in lending litigation in 1996 focused largely on residential mortgage lending and automobile financing issues. |
| format | Article |
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The Federal Reserve Board (FRB) issued regulations implementing Congress' expanded disclosure error tolerances for certain loans secured by real estate or by a dwelling and clarified which mortgage-related fees and charges must be considered finance charges. The FRB also issued additional guidance concerning congressionally mandated preclosing disclosures for certain "high-cost" and "reverse" mortgages. In addition, the FRB issued ambiguous guidance in 1996 concerning the disclosure requirements for creditor-assessed "surcharges" on such things as extended warranty or service contracts. Truth in lending litigation in 1996 focused largely on residential mortgage lending and automobile financing issues.</description><identifier>ISSN: 0007-6899</identifier><identifier>EISSN: 2164-1838</identifier><language>eng</language><publisher>Chicago: Section of Business Law of the American Bar Association</publisher><subject>Bank service charges ; Commercial regulation ; Consumer credit ; Consumer Financial Services Law ; Creditors ; Disclosure ; Fees ; Finance ; Financial liabilities ; Financial transactions ; Insurance regulation ; Laws, regulations and rules ; Litigation ; Loans ; Mortgage loans ; Mortgages ; Regulation Z ; Revisions ; Truth-in-lending</subject><ispartof>The Business lawyer, 1997-05, Vol.52 (3), p.1031-1045</ispartof><rights>1997 American Bar Association</rights><rights>COPYRIGHT 1997 American Bar Association</rights><rights>Copyright American Bar Association, Section of Business Law May 1997</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/40687739$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/40687739$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,58016,58249</link.rule.ids></links><search><creatorcontrib>Cook, Robert A.</creatorcontrib><creatorcontrib>Kalas, John J.</creatorcontrib><creatorcontrib>Meredith, Timothy P.</creatorcontrib><creatorcontrib>Samlin, Scott D.</creatorcontrib><creatorcontrib>Yen, Elizabeth C.</creatorcontrib><title>Truth in Lending</title><title>The Business lawyer</title><description>The year 1996 was the 2nd consecutive year in which substantial revisions were made to Regulation Z. The Federal Reserve Board (FRB) issued regulations implementing Congress' expanded disclosure error tolerances for certain loans secured by real estate or by a dwelling and clarified which mortgage-related fees and charges must be considered finance charges. The FRB also issued additional guidance concerning congressionally mandated preclosing disclosures for certain "high-cost" and "reverse" mortgages. In addition, the FRB issued ambiguous guidance in 1996 concerning the disclosure requirements for creditor-assessed "surcharges" on such things as extended warranty or service contracts. Truth in lending litigation in 1996 focused largely on residential mortgage lending and automobile financing issues.</description><subject>Bank service charges</subject><subject>Commercial regulation</subject><subject>Consumer credit</subject><subject>Consumer Financial Services Law</subject><subject>Creditors</subject><subject>Disclosure</subject><subject>Fees</subject><subject>Finance</subject><subject>Financial liabilities</subject><subject>Financial transactions</subject><subject>Insurance regulation</subject><subject>Laws, regulations and rules</subject><subject>Litigation</subject><subject>Loans</subject><subject>Mortgage loans</subject><subject>Mortgages</subject><subject>Regulation Z</subject><subject>Revisions</subject><subject>Truth-in-lending</subject><issn>0007-6899</issn><issn>2164-1838</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1997</creationdate><recordtype>article</recordtype><recordid>eNptz01LxDAQBuAgCtZV8A8Iq2cL-WqSHpdFV6HgpfeSJpOapV8m2YP_3ko9eFjmMLzDwwtzgTJKBM-JYuoSZRhjmQtVltfoJsbjEglVLEP3dTilz60ftxWM1o_dLbpyuo9w97c3qH59qfdvefVxeN_vqryjrEi5kYQ7zDGxVhWEY6HaQrdMcWys1horY4C2BbTU8rYE7KQCxkvBpWCCObZBj2vtHKavE8TUBJinkGJDqeKqECVZzNNqOt1D40c3paDN4KNpdhQzITlXC3o-gzoYIeh-GsH55fyf52f4MhYGb875h9UfY5pCMwc_6PDd_D4sJSvZD2ySZsg</recordid><startdate>19970501</startdate><enddate>19970501</enddate><creator>Cook, Robert A.</creator><creator>Kalas, John J.</creator><creator>Meredith, Timothy P.</creator><creator>Samlin, Scott D.</creator><creator>Yen, Elizabeth C.</creator><general>Section of Business Law of the American Bar Association</general><general>American Bar Association</general><scope>ILT</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>19970501</creationdate><title>Truth in Lending</title><author>Cook, Robert A. ; Kalas, John J. ; Meredith, Timothy P. ; Samlin, Scott D. ; Yen, Elizabeth C.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-g235t-c714f0401dd8514068b5ab3840cdaaa08cce2b5eb2d4b9e0f78e3496476363f3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1997</creationdate><topic>Bank service charges</topic><topic>Commercial regulation</topic><topic>Consumer credit</topic><topic>Consumer Financial Services Law</topic><topic>Creditors</topic><topic>Disclosure</topic><topic>Fees</topic><topic>Finance</topic><topic>Financial liabilities</topic><topic>Financial transactions</topic><topic>Insurance regulation</topic><topic>Laws, regulations and rules</topic><topic>Litigation</topic><topic>Loans</topic><topic>Mortgage loans</topic><topic>Mortgages</topic><topic>Regulation Z</topic><topic>Revisions</topic><topic>Truth-in-lending</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Cook, Robert A.</creatorcontrib><creatorcontrib>Kalas, John J.</creatorcontrib><creatorcontrib>Meredith, Timothy P.</creatorcontrib><creatorcontrib>Samlin, Scott D.</creatorcontrib><creatorcontrib>Yen, Elizabeth C.</creatorcontrib><collection>Gale OneFile: LegalTrac</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>The Business lawyer</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Cook, Robert A.</au><au>Kalas, John J.</au><au>Meredith, Timothy P.</au><au>Samlin, Scott D.</au><au>Yen, Elizabeth C.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Truth in Lending</atitle><jtitle>The Business lawyer</jtitle><date>1997-05-01</date><risdate>1997</risdate><volume>52</volume><issue>3</issue><spage>1031</spage><epage>1045</epage><pages>1031-1045</pages><issn>0007-6899</issn><eissn>2164-1838</eissn><abstract>The year 1996 was the 2nd consecutive year in which substantial revisions were made to Regulation Z. The Federal Reserve Board (FRB) issued regulations implementing Congress' expanded disclosure error tolerances for certain loans secured by real estate or by a dwelling and clarified which mortgage-related fees and charges must be considered finance charges. The FRB also issued additional guidance concerning congressionally mandated preclosing disclosures for certain "high-cost" and "reverse" mortgages. In addition, the FRB issued ambiguous guidance in 1996 concerning the disclosure requirements for creditor-assessed "surcharges" on such things as extended warranty or service contracts. Truth in lending litigation in 1996 focused largely on residential mortgage lending and automobile financing issues.</abstract><cop>Chicago</cop><pub>Section of Business Law of the American Bar Association</pub><tpages>15</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0007-6899 |
| ispartof | The Business lawyer, 1997-05, Vol.52 (3), p.1031-1045 |
| issn | 0007-6899 2164-1838 |
| language | eng |
| recordid | cdi_proquest_reports_228485691 |
| source | HeinOnline Law Journal Library; JSTOR Archive Collection A-Z Listing |
| subjects | Bank service charges Commercial regulation Consumer credit Consumer Financial Services Law Creditors Disclosure Fees Finance Financial liabilities Financial transactions Insurance regulation Laws, regulations and rules Litigation Loans Mortgage loans Mortgages Regulation Z Revisions Truth-in-lending |
| title | Truth in Lending |
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