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Explaining the Fed Box
by: David Dickinson, BOL Guru

Question: Who created the Fed Box? Must it always be used for the required disclosures, or are their alternatives?

Answer: The term "Fed Box" is slang for the TIL disclosure required by section 226.17 of Reg Z. Here is a portion of Reg Z that sets up the "Fed Box."

226.17 General disclosure requirements.

(a) Form of disclosures. (1) The creditor shall make the disclosures required by this subpart clearly and conspicuously in writing, in a form that the consumer may keep. The disclosures shall be grouped together, shall be segregated from everything else, and shall not contain any information not directly related 37 to the disclosures required under 226.18. 38 The itemization of the amount financed under 226.18(c)(1) must be separate from the other disclosures under that section.

First published on 6/3/02

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