The Federal Reserve Board has proposed revising the Truth-in-Lending rules to give lenders two options for disclosing the effects of variable-rate loans.

The first option would require lenders to show how the monthly payment would have changed given swings in interest rates during the past 15 years. The second would force them to disclose the maximum interest rate on the loan and what that would mean for the monthly payment on a $10,000 loan.

The change would apply to loans in excess of one year that are secured by a consumer's home. It is required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Comments are due Feb. 28.

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