The Division of Banks has released its final amendments to the Massachusetts Truth in Lending regulations to achieve consistency with recent changes to the federal Truth in Lending rules, the Federal Reserve’s Regulation Z. The amendments are required for Massachusetts to maintain its exemption from the federal Truth in Lending Act and Regulation Z.

Nutter Notes: The amendments include changes to credit card account disclosure and billing practices and other terms mandated by the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009, addressing electronic delivery of consumer disclosures, changes to account disclosures and prohibited practices in high cost home mortgage loans.