TRUTH IN SAVINGS ACT AMENDMENTS.

SEC. 957. TRUTH IN SAVINGS ACT AMENDMENTS. (a) On-Premises Displays.—Section 263 of the Truth in Savings Act (12 U.S.C. 4302) is amended— (1) in subsection (a), by striking “subsection (b)” and inserting “subsections (b) and (c)”; (2) by redesignating subsections (c) and (d) as subsections (d) and (e), respectively; and (3) by inserting after subsection (b) the following new subsection: “(c) Disclosure Required for On-Premises Displays.— (1) In general.— The disclosure requirements contained in this section shall not apply to any sign (including a rate board) disclosing a rate or rates of interest which is displayed on the premises of the depository institution if such sign contains— “(A) the accompanying annual percentage yield; and “(B) a statement that the consumer should request further information from an employee of the depository institution concerning the fees and terms applicable to the advertised account. (2) Definition.—For purposes of paragraph (1), a sign shall only be considered to be displayed on the premises of a depository institution if the sign is designed to be viewed only from the interior of the premises of the depository institution”. 106 STAT. 3897 (b) Effective Date of Regulations.—Section 269(a)(2) of the Truth in Savings Act (12 U.S.C. 4308(a)(2)) is amended by striking “6 months” and inserting “9 months”.