Update: Truth in Lending Proposed Mortgage Rules, Comments Due by Dec. 24th.

The Federal Reserve Board announced proposed changes in Truth in Lending mortgage rules back on July 23rd. Their press release and associated documents can be found HERE; my blog post on the topic on July 25th. can be found HERE.

However, the Federal Reserve did not get around to actually publishing those rules in the Federal Register until more than a MONTH later, on August 26th. That means that the comment period for those proposed rules is now through December 24th.

The Proposed Rules

• The proposed rule related to Closed Credit is HERE.
• The proposed rule for Open Ended on Home Equity Lines of Credit is HERE.

IF you want to comment:

• The Federal Reserve choose NOT to post those proposed rules on the Regulations.gov website for comment. This means you have to go to two separate locations on the Federal Reserve website to comment.
  
• Submit comments on the Closed Credit proposed rule HERE.
• Submit comments on the Open End or Home Equity proposed rule HERE.

If you want to SEE Comments as They Are Made:

• On the Closed Credit proposed rule go HERE.
• On the Open End or Home Equity proposed rule go HERE.

Originally created and posted on the Oregon Housing Blog.