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Inactive Financial Institution Letters 

Home Mortgage Disclosure Act

FIL-04-97
January 18, 1997

 

TO: CHIEF EXECUTIVE OFFICER AND COMPLIANCE OFFICER
SUBJECT: Proposed Revisions to Regulation C

The Federal Reserve Board (FRB) has issued for public comment the attached proposed revisions to its Regulation C, Home Mortgage Disclosure. Comments on the proposal are due by February 25, 1997.

The proposed revisions would implement the amendments to the Home Mortgage Disclosure Act included in the Economic Growth and Regulatory Paperwork Reduction Act of 1996. The amendments increase the exemption threshold for depository institutions from $10 million or less to $28 million or less, and modify certain disclosure requirements. The FRB also proposes to make technical amendments to the transmittal sheet accompanying the loan/application register.

The FDIC encourages all interested parties to review the attached proposal. Written comments should be mailed to William W. Wiles, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington, D.C. 20551.


Carmen J. Sullivan
Director

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Distribution: Insured Commercial Banks and FDIC-Supervised Savings Banks

Note: Paper copies of FDIC financial institution letters may be obtained through the FDICís Public Information Center, 801 17th St., NW, Room 100, Washington, D.C. 200434 ((703) 562-2200 or 800-276-6003).

Last Updated 07/16/1999 communications@fdic.gov