REVISED BROCHURE ON HOME EQUITY LINES OF CREDIT.The Federal Reserve Board on March 22, 2001, announced that it has revised its brochure A brochure or pamphlet is a leaflet advertisement. Brochures may advertise locations, events, hotels, products, services, etc. They are usually succinct in language and eye-catching in design. When Your Home Is on the Line: What You Should Know about Home Equity Lines of Credit. Regulation Z, which implements the Truth in Lending Act The Truth in Lending Act is contained in Title I of the Consumer Credit Protection Act (15 U.S.C.A. § 1601 et seq.). The CCPA is designed to assure that every customer who needs Consumer Credit is given meaningful information concerning the cost of such credit. , requires creditors to provide the brochure, or a suitable substitute, to consumers when an application form is provided for a home equity line of credit. Creditors may use the earlier version of the brochure until existing supplies are exhausted. Single as well as multiple copies of the revised brochure are available from Publications Services, Mail Stop 127, Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. , Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. , DC 20551 (202-452-3245). The first 100 copies are free of charge. The brochure is also available on the Board's public web site: http://www.federalreserve.gov/pubs/HomeLine/. |
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