Proposed amendments to Regulation Z MortgagePress.comFederal Reserve, Regulation Z, HMDA, Mortgage Disclosure Improvement Act of 2008 The Federal Reserve has proposed amendments to Regulation Z to implement the requirements of the Mortgage Disclosure Improvement Act of 2008 (MDIA), which was enacted by Congress on July 30, 2008 and includes additional early disclosure requirements. The proposed rule only addresses the provisions of MDIA that become effective July 30, 2009. The comment period for the proposed rule is open until January 23, 2009. The Federal Reserve welcomes comments on the proposed amendments, identified by Docket No. R-1340, by any of the following methods: • Agency Web Site: www.federalreserve.gov. Follow the instructions for submitting comments at www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: www.regulations.gov. Follow the instructions for submitting comments. The full text of the proposed rule can be accessed on the Federal Reserve's Web site by clicking here.