Final rule-amendment to Regulation Z. (Legal Developments).
Effective January 1, 2002, 12 C.F.R. Part 226 is amended as follows:
Part 226--Truth in Lending (Regulation Z)
1. The authority citation for Part 226 continues to read as follows:
Authority: 12 U.S.C. 3806; 15 U.S.C. 1604 and 1637(c)(5).
2. In Supplement I to Part 226, under Section 226.32--Requirements for Certain Closed-End Home Mortgages, under Paragraph 32(a)(1)(ii), paragraph 2.vii. is added.
Supplement I to Part 226-Official Staff Interpretations
Subpart E-Special Rules for Certain Home Mortgage Transactions
Section 226.32--Requirements for Certain Closed-End Home Mortgages
2. Annual adjustment of $400 amount.
vii. For 2002, $480, reflecting a 3.27 percent increase in the CPI-U from June 2000 to June 2001, rounded to the nearest whole dollar.
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|Title Annotation:||Truth in Lending|
|Publication:||Federal Reserve Bulletin|
|Article Type:||Brief Article|
|Date:||Jan 1, 2002|
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