PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3891 "(2) MAXIMUM DISCLOSURE PERIOD.— "(A) 6- AND 9-MONTH MAXIMUM PERIODS.— Except as provided in subsections (j)(5) and (k)(1) and regulations prescribed by the Board and subject to subparagraph (B), any information required to be disclosed for any year beginning after December 31, 1992, under— "(i) this section shall be made available to the public before September 1 of the succeeding year; and '^(ii) section 310 shall be made available to the public before December 1 of the succeeding year. "(B) SHORTER PERIODS ENCOURAGED AFTER 1994.— With respect to disclosures of information under this section or section 310 for any year beginning after December 31, 1993, every effort shall be made— "(i) to make information disclosed under this section available to the public before July 1 of the succeeding year; and "(u) to make information required to be disclosed under section 310 available to the public before September 1 of the succeeding year. "(3) IMPROVED PROCEDURE. — The Federal Financial Institutions Examination Council shall make such changes in the system established pursuant to subsection (0 as may be necessary to carry out the requirements of this subsection.". (b) TECHNICAL AND CONFORMING AMENDMENT.— Section 304(c) of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2803(c)) is amended by inserting ", other than loan application register information under subsection (j)," after "under this section". (c) EFFECTIVE DATE.— The amendments made by subsections 12 USC 2803 (a) and (b) shall apply with respect to information disclosed under "°^' section 304 of the Home Mortgage Disclosure Act of 1975 for any year which ends after the date oftiieenactment of this Act. SEC. 933. PROHIBITION ON USE OF '*RULE OF IffiT IN CONNECTION 15 USC 1615. WITH MORTGAGE REFINANCINGS AND OTHER CONSUMER LOANS. (a) PROMPT REFUND OF UNEARNED INTEREST REQUIRED.— (1) IN GENERAL.—If a consumer prepays inftdlthe financed amount under any consumer credit transaction, the creditor shall promptly refund any unearned portion of the interest charge to the consumer. (2) EXCEPTION FOR REFUND OF DE MINIMUS AMOUNT.— NO refund shall be required under paragraph (1) with respect to the prepayment of any consumer credit transaction if the total amount of the refund would be less than $1. (3) APPLICABILITY TO REFINANCED TRANSACTIONS AND ACCELERATION BY THE CREDITOR. — Th is subsection shall apply with respect to any prepa3rment of a consumer credit transaction described in paragraph (1) without regard to the manner or the reason for the prepayment, including— (A) any prepayment made in connection with the refinancing, consoUdation, or restructuring of the transaction; and (B) any prepayment made as a result of the acceleration of the obligation to repay the amount due with respect to the transaction.
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