OCC BULLETIN 2018-31
Subject: Truth in Lending Act
Date: September 26, 2018
To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Revised Comptroller's Handbook Booklet and Rescissions
The Office of the Comptroller of the Currency (OCC) issued today the “Truth in Lending Act” (TILA) booklet of the Comptroller's Handbook. This updated booklet replaces a similarly titled booklet issued in December 2014.
This booklet provides updated guidance and procedures to examiners in connection with changes made to Regulation Z (12 CFR 1026), which implements TILA. The updated OCC booklet includes procedures implementing the Bureau of Consumer Financial Protection’s rule: the Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z), which became effective in October 2015.
This bulletin makes available on the OCC website the OCC’s revised examination procedures for Regulation Z and removes the “Interagency TILA/Regulation Z Examination Manual” posted in May 2015.
With the issuance of this booklet, the following documents are rescinded:
Note for Community Banks
This booklet applies to the examinations of OCC-supervised institutions that offer or extend consumer credit products covered by TILA.
Significant revisions from the OCC’s 2014 TILA booklet reflect
For more information, contact your supervisory office or Paul R. Reymann, Director for Consumer Compliance Policy, at (202) 649-5470.
Donna M. Murphy