OCC 2001-23
OCC Bulletin
Subject: Uniform Standards for the Electronic Delivery
of Disclosures; Regulations M, Z, B, E and DD
Description: Interim Rules
Date: April 27, 2001

TO:	Chief Executive Officers and Compliance Officers
of All National Banks, Department and Division heads, 
and All Examining Personnel

The Federal Reserve Board (the Board) recently published
interim final rules to establish uniform standards for
the electronic delivery of federally mandated 
disclosures provided in Regulations M (Consumer Leasing),
Z (Truth in Lending), B (Equal Credit Opportunity), 
E (Electronic Fund Transfers), and DD (Truth in Savings).
The interim rules became effective March 30, 2001, with
mandatory compliance required by October 1, 2001.  

Under these rules, financial institutions, creditors, 
lessors, and others may deliver disclosures 
electronically if they obtain consumers' consent in 
accordance with the requirements of the Electronic 
Signatures in Global and National Commerce Act (E-Sign 
Act), enacted in June 2000. The interim rules provide 
guidance on the timing and delivery of electronic 
disclosures to ensure consumers have adequate 
opportunity to access and retain the information.

The rules are adopted as interim rules to allow 
commenters to present new information or views not 
previously considered in the context of the Board's 
1998 and 1999 proposals regarding the electronic 
delivery of disclosures.  The Board is soliciting 
comment on the need to interpret the E-Sign Act's 
consumer consent provisions and other provisions and 
the need for further statutory or regulatory changes 
to facilitate electronic delivery of financial services 
to consumers.  Comments are requested by June 1, 2001. 

For more information, contact your supervisory office, 
or the Community and Consumer Policy Division at (202) 
874-4428.



_________________________
Nanette G. Goulet
Acting Deputy Comptroller
Community and Consumer Policy

Attachments--66 FR 17322, 66 FR 17329, 66 FR 17779, 
66 FR17786, 66 FR 17795