Financial institutions have been implementing new regulations through board-approved procedures for decades. As existing regulations are revised and new regulations are published existing procedures need to be updated. Procedure Updates are designed to simplify the task of updating existing procedures, regardless of where the existing requirement is lodged. Procedure Updates include operating procedures, controls and audit procedures. Each set of procedures are completely customizable. You may add the name of the financial instruction, the name of the person responsible for taking action, or make any other needed changes. The Integrated Disclosures Procedures Update contains an overview of the new requirements, a regulatory citation, the effective date, and includes operating procedures, control procedures, and audit procedures for the disclosures for closed-end consumer credit transactions secured by real property contained in §§1026.19, 1026.37, and 1026.38.