Fed’s Final TILA Rule Will Supercede MDIA, HOEPA Amendments to TILA
September 17, 2009
Any final revisions to Truth in Lending Act regulations that the Federal Reserve Board adopts based on its massive proposed rule will override or change TILA regulations as amended by the Mortgage Disclosure Improvement Act or the Home Ownership and Equity Protection Act final rules, according to the Federal Reserve Board. Paul Mondor, senior attorney at the Fed who had a hand in drafting...