Interpretation of provisions in Truth in Lending Regulation Z
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For immediate release F E D E R A L R CS E R V E p r e s s r e l e a s e Rtt/U 111 oLoilOi^i i ' l / ' June 26, .1972 The Iioard of Governors of the Federal Reserve System today published two interpretations of parts of its Regulation Z (Truth in Lending). The. interpretations concern the determination of the balance that may be used as the basis for a finance charge in open-end credit accounts, and the allocation of payments in such accounts.
Texts of the interpretations are attached. - 0 -