Agencies Issue Final Illustrations of Consumer Information for Nontraditional Mortgage Products - Circulars

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Circular

Agencies Issue Final Illustrations of Consumer Information for Nontraditional Mortgage Products

June 1, 2007

Circular No. 11865

The federal bank, thrift and credit union regulatory agencies have issued final illustrations of consumer information intended to help institutions implement the consumer protection portion of the Interagency Guidance on Nontraditional Mortgage Product Risks that the agencies adopted October 4, 2006.

Institutions are not required to use the illustrations. They may choose to use the illustrations, provide information based on the illustrations or provide the consumer information described in the guidance in an alternate format.

See press release for full details.

Press release

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