### 16669 

# Ru'es and Reguaflons FederaiRegister
Vol. 63, No. 65

Monday. April 6, 1998

This section of the FEDERAL REGISTER 

### Background FEDERAL RESERVE SYSTEM contains regulatory documents having general applicability and legal effect, most of which The final regulation that is the subject 

### 12 CFR Part226 are keyed to and codified in the Code of of these corrections, Appendix J 1 of [Regulation Z; Docket No. R-0992] Federal Regulations, which is published under Subpart B to 10 CFR Part 430, sets forth 50 titles pursuant to 44 U.S.C. 1510. a new test procedure for clothes 

### Truth in Lending The Code of Federal Regulations is sold by washers. Department of Energy promulgated this new test procedure for AGENCY: Board of Governors of the the Superintendent of Documents. Prices of new books are listed in the first FEDERAL use in considering revision of the Federal Reserve System. REGISTER issue of each week. current clothes washer energy ACTION: Final rule; official staff

____________________________________ conservation standards, and for use, interpretation. linon thir ffrtive date nf such revision DEPARTMENT OF ENERGY in determining compliance with such standards and in making representations Office of Energy Efficiency and concerning clothes washer efficiency. Renewable Energy


### 10 CFR Part 430 [Docket No. EE-RM-94-230A]
RIN 1904-AA68 

### Energy Conservation Program for Consumer Products: Test Procedure for Clothes Washers and Reporting Requirements for Clothes Washers, Clothes Dryers, and Dishwashers; Correction

AGENCY: Office of Energy Efficiency and Renewable Energy, Department of Energy. ACTION: Correcting amendments.

SUMMARY: This document contains corrections to a final rule for the clothes washer test procedures published on Wednesday, August 27, 1997 (62 FR 45484). It corrects the introductory note to the new clothes washer test procedure which will be used to analyze, and will apply to, anticipated revisions to the existing clothes washer energy conservation standards. EFFECTIVE DATE: This rule is effective April 6, 1998.
FOR FURTHER INFORMATION CONTACT: Bryan Berringer, U.S. Department of Energy, Energy Efficiency andRenewable Energy, Mail Station EE43, Forrestal Building, 1000 Independence Avenue, SW, Washington, DC 20585-0121, (202) 586-0371, E-mail: Bryan.Berringer@HQ.DOE.GOV Edward Levy, Esq., U.S. Department of Energy, Office of General Counsel, Mail Station GC-72, Forrestal Building, 1000 Independence Avenue, SW, Washington, DC 20585-0103, (202) 586-9507, E-mail: Edward.Levy@HQ.DOE.GOV
SUPPLEMENTARY INFORMATION: Need for Correction
As published, the introductory language in Appendix J 1 may create confusion as to how the new test procedure is to be employed, and does not clearly reflect the intent in promulgating the test procedure. List of Subjects in 10 CFR Part430
Administrative practice and procedure, Energy conservation, Household appliances.



### PART 430-ENERGY CONSERVATION PROGRAM FOR CONSUMER PRODUCTS

Accordingly, 10 CFR part 430 is corrected by making the following correcting amendment: 1. The authority citation for part 430 continues to read as follows: Authority: 42 U.S.C. 629 1-6309. Appendix Ji to Subpart B ofPart430 [Corrected] 2. The "Note" immediately following the heading for Appendix J 1 to Subpart B of Part 430 is revised to read as
follows:

Note: Appendix Ji to Subpart B of part 430 is informational. It will not be used for determining compliance with standards, or as a basis for representations, until amended energy conservation standards for clothes washers at 10 CFR 430.32(g) become effective. Issued in Washington, DC, on April 1, 1998. Dan W. Reicher, Assistant Secretary, Energy Efficiency and Renewable Energy. [FR Doc. 98-895 1 Filed 4-3-98; 8:45 am]

BILLING CODE 6450-01-P SUMMARY: The Board is publishing revisions to the official staff commentary to Regulation Z (Truth in Lending). The commentary applies and interprets the requirements of Regulation Z. The update addresses increased rates for open-end plans triggered by events such as late payments or exceeding credit limits. It provides guidance on deferred payment transactions in open-end plans. It also addresses how creditors may determine whether credit is an open-end plan or a closed-end transaction. In addition, the update discusses issues such as the treatment of annuity costs in reverse mortgage transactions and transaction fees imposed on checking accounts with overdraft protection. DATES: This rule is effective March 31, 1998. Compliance is optional until October 1, 1998.
FOR FURTHER INFORMATION CONTACT: For Subparts A and B (open-end credit), Jane E. Ahrens, Senior Attorney, or Obrea 0. Poindexter, Staff Attorney; for Subparts A, C, and E (closed-end credit and reverse mortgages), Ms. Ahrens or James A. Michaels, Senior Attorney, or Michael E. Hentrel, Staff Attorney; Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, at (202) 452- 3667 or 452-2412; for users of Telecommunications Device for the Deaf (TDD) only, Diane Jenkins at (202) 452- 3544.
SUPPLEMENTARY INFORMATION:
I. Background The purpose of the Truth in Lending Act (TILA; 15 U.S.C. 1601 etseq.) isto promote the informed use of consumer credit by providing for disclosures about its terms and cost. The act requires creditors to disclose the cost of credit as a dollar amount (the finance charge) and as an annual percentage rate (the APR). Uniformity in creditors' disclosures is intended to assist consumers in