New "Reg. Z" Takes Effect: Deals Could Slow

REMINDER: New Truth in Lending Act (TILA) federal disclosure rules for lenders took effect July 30, and closings could take longer as a result. The changes to "Reg. Z" add borrower review periods and require lenders to notify borrowers of any annual percentage rate (APR) changes of more than 0.125 percent. Borrowers then get an additional review period.