- The illustrations are not intended as model forms, and institutions will
not be required to use them. Rather, they have been provided in response
to requests for examples of the type of information that lenders should
communicate to consumers pursuant to the Interagency Guidance.
- The agencies request comment on all aspects of these illustrations. We
encourage specific comment on whether they would be useful as proposed,
or whether changes are needed to make them useful, both to institutions
seeking to implement the NTM Guidance, and to consumers seeking to
understand the risks and material terms of nontraditional mortgage
- The agencies also request comment on whether there are other
illustrations that would be useful to institutions or consumers.
- The agencies also invite commenters to provide information about any
consumer testing they have conducted in connection with similar
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Loan Officer
Chief Compliance Officer
Unfair and Deceptive
Acts and Practices by State-Chartered Banks
Illustrations of Consumer Information for Nontraditional Mortgage
Products - PDF 90k (PDF Help)
Associate Director April A. Breslaw at firstname.lastname@example.org or (202)
Senior Policy Analyst Mira N. Marshall at MMarshall@FDIC.gov or (202)
Financial Institution Letters (FILs) may be accessed from the FDIC's Web
site at www.fdic.gov/news/news/financial/2006/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters may be obtained via
the FDIC's Public Information Center (1-877-275-3342 or 703-562-2200).