SARC-98-04 (June 2, 1998)
The Supervision Appeals Review Committee (鈥淐ommittee鈥) of the Federal Deposit Insurance Corporation (鈥湺啾τ蜗废略剽), on May 28, 1998, considered your appeal of two violations of Section 226.18(d) of Regulation Z, which implements the Truth in Lending Act, cited in the Compliance Examination Report (鈥淩eport鈥) as of September 24, 1997.
The Committee, after a review of the material submitted with the appeal, has concluded that your appeal should be granted. The Committee reached its determination after due consideration of the information presented by the Bank and an analysis by its staff. The 多宝游戏下载 considers this decision a final supervisory determination.
The Committee noted that the Bank has made voluntary reimbursement of another loan of a similar type, which the Committee viewed as appropriate in that instance. The Committee also expects that Bank staff will take prospective action to ensure that underlying legal obligations mirror the disclosures provided to its customers.
By direction of the Supervisory Appeals Review Committee of the Federal Deposit Insurance Corporation.