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
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 statem
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