Comment for 1026.7 - Periodic Statement
interest balance ($500 in this example) if the balance is not paid in full by July 31 must appear on periodic
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
interest balance ($500 in this example) if the balance is not paid in full by July 31 must appear on periodic
A card issuer that imposes any annual or other periodic fee to renew a credit or charge card account
(3) Notice provided separately from periodic statement.
When making the repayment disclosures on the periodic statement pursuant to § 1026.7(b)(12), a card
respect to a covered separate credit feature accessible by a hybrid prepaid-credit card, assume that a periodic
Since no periodic statement is provided, a notice of the credit balance shall be sent to the consumer
2 for treatment of certain types of fees excluded in determining the annual percentage rate for the periodic
an unaffiliated third party, such as by disclosing the Web site address of that third party on the periodic
On July 5, the card issuer provides a periodic statement disclosing the $1,000 balance consistent with
;1026.7(b)(12)(i) to round the disclosures to the nearest whole dollar when disclosing them on the periodic
)(2), these charges may be included in the amount shown as closing costs or settlement costs on the periodic
G-25(B) - Revocation Notice for Periodic Statement Regarding Over-the-Credit Limit Transactions You currently
resumption of the higher payments if these features are explained on the account-opening disclosure statement
which is displayed on the issuer's Web site and clearly identified as to purpose or included on each periodic
resumption of the higher rates or payments if these features are explained on the initial disclosure statement
required by paragraph (b)(11) of this section shall be disclosed on the front of the first page of the periodic
computation methods) may be used in both the account-opening disclosures under § 1026.6 and the periodic
A servicer that provides a coupon book instead of a periodic statement under paragraph (e)(3) of this
issuer is notified by a consumer no later than 60 days after the card issuer transmitted the first periodic
Section 1026.41(e)(5)(iv) sets forth the time period in which a servicer must provide a periodic statement
The creditor must nonetheless disclose July 4 as the due date on the periodic statement and may not disclose
In such cases, the creditor may include a statement such as “The disclosures assume that you will repay
This rule applies even if the loan fee, points, or similar charges are billed on a subsequent periodic
On May 3, the card issuer mails or delivers a periodic statement reflecting trailing or residual interest
requires the consumer to submit a written notice of billing error within 60 days after transmittal of the periodic