Comment for 1026.8 - Identifying Transactions on Periodic Statements
Amount - overdraft credit plans.
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
Amount - overdraft credit plans.
The addition of overdraft checking to an existing account (although the regular checks that could trigger
For example, a request for an overdraft plan tied to a checking account does not constitute an application
Assessing interest on an overdraft balance.
(B) An overdraft line of credit that is accessed by a debit card; or
A $5 service charge is imposed for each item that results in an overdraft on an account with an overdraft
(ii) Overdraft lines of credit tied to asset accounts accessed by check-guarantee cards or by debit cards
Granting overdraft privileges on a checking account when the consumer already has a check guarantee card
1026.61(a)(5)(iv) does not include an asset account other than a prepaid account that has an attached overdraft
debit card with no credit feature or agreement, even if the creditor occasionally honors an inadvertent overdraft
monthly, or other periodic fee assessed each period a prepaid account has a negative balance or is in “overdraft
A monthly service charge for a checking account with overdraft protection that is applied to all checking
A $5 service charge is imposed on an account with an overdraft line of credit (where the institution
A card that guarantees checks or similar instruments, if the asset account is also tied to an overdraft
Credit extended directly from a non-overdraft credit line is governed solely by Regulation Z, even though
If a consumer uses a debit card to withdraw money at an automated teller machine and activates an overdraft
The purchase of goods or services by use of a check accessing an overdraft account and a credit card
(C) An overdraft line of credit that is accessed by an account number, except if the account number is
a nonsale transaction by describing the type of advance it represents, such as cash advance, loan, overdraft
Types of indebtedness; overdraft accounts.
1026.12(c) does not apply to the use of a check guarantee card or a debit card in connection with an overdraft
The use of a “supplemental credit device” in the form of a check or draft or the use of the overdraft
or a similar occurrences that result from the prepaid account having a negative balance or being in “overdraft
If the consumer has an overdraft line that might later be expanded upon the consumer's request to include
For example, a change in the periodic rate for check overdraft credit need not be disclosed to consumers