The federal banking agencies have proposed an amendment to Regulation Z that would require a new early disclosure statem

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The federal banking agencies have proposed an amendment to Regulation Z that would require a new early disclosure statement for loans secured by the borrower"™s principal dwelling. After reading the proposed change, what should the compliance professional do FIRST?

A. Establish a task force to study the proposed rule.
B. Contact the bank"™s platform software vendor to determine whether it will be ready for the change NOTES
C. Prepare a summary document that outlines the effects the proposed rule would have on the bank"™s operations
D. Train bank staff on the new rule