The Federal Reserve Board has issued interim final rules to guide lenders and mortgage brokers on how to make essential, timely disclosures – the same ones already being provided in many paper-based credit transactions – to online borrowers electronically. The impact of the new rule on lenders’ online originations is still uncertain, but the early returns are positive. "The rule looks generally favorable, although some clarification would be helpful," said Robert Drozdowski, a regulatory specialist