OCC 2001-45
OCC Bulletin
Subject: Uniform Standards for the Electronic Delivery of
         Disclosures; Regulations M, Z, B, E, and DD
Description: Interim Final Rule
Date: October 1, 2001

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

On April 27, the Office of the Comptroller of the 
Currency issued the bulletin 2001-23 indicating that the 
Federal Reserve Board (the Board) published interim final
rules to establish uniform standards for using electronic 
communication to deliver disclosures provided in 
Regulations M (Consumer Leasing), Z (Truth in Lending), B
(Equal Credit Opportunity), E (Electronic Fund Transfers), 
and DD (Truth in Savings).  Mandatory compliance with the
rules was to be effective October 1.

As a result of comments the Board has received, it is 
considering changes to the rules to provide banks with 
more flexibility.  Therefore, the Board has lifted the 
mandatory compliance date for these rules.  National banks 
may continue to provide electronic disclosures under 
their existing policies and practices, or may follow the 
interim rules, until the Board issues permanent rules.  A 
new compliance date will be set once the new final rules 
are published.

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



 ___________________________
Ralph E. Sharpe
Deputy Comptroller
Community and Consumer Policy  

Attachment - 66 FR 41439