August 23, 2004 News Archive

Board Releases Current Senior Loan Officer Opinion Survey Results
The Board released the results of the most current lending survey, which included a series of questions on loans to businesses and households, and how the recent bond market activity has affected business lending. The survey also included special questions regarding adjustable rate mortgages.

Board Announces Annual Adjustment of Fee-Based Trigger for Additional Mortgage Loan Disclosures
In a recent press release, the Board announced that effective January 1, 2005, the dollar amount that triggers additional disclosure requirements under the Truth in Lending Act for mortgage loans that bear rates or fees above a certain amount will increase to $510.