Comment for 1026.2 - Definitions and Rules of Construction
Relationship between consumer credit in general and credit secured by a dwelling.
- 1026 (Regulation Z)
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Relationship between consumer credit in general and credit secured by a dwelling.
A credit card account is consolidated or combined with one or more other credit card accounts into a
(4) Exception for credit extended through a negative balance.
(iv) Credit feature means a separate credit account or a credit subaccount of a prepaid account through
Substitution - non-credit-card plan.
Business-purpose credit cards - extensions of credit for consumer purposes.
Credit card renewal.
(A) Credit card accounts under an open-end (not home-secured) consumer credit plan.
(A) Means credit life, credit disability, credit unemployment, or credit property insurance, or any other
that is offered solely for private label credit card accounts with credit cards usable only at Merchant
Covered separate credit feature accessible by hybrid prepaid-credit card.
traditional credit card.
Credit under a covered separate credit feature accessible by a hybrid prepaid-credit card.
Amount - overdraft credit plans.
(ii) Open-end credit.
Fees in connection with a covered separate credit feature and an asset feature of the prepaid account
Prepaid card that is not a hybrid prepaid-credit card. i.
(1) Credit the amount of the credit balance to the consumer's account;
(a) Credit the amount of the credit balance to the consumer's account;
(2) Prepaid card can access credit from a covered separate credit feature.
61(b) Structure of Credit Features Accessible by Hybrid Prepaid-Credit Cards
The definition of college student credit card excludes home-equity lines of credit accessed by credit
A credit card account with a balance is consolidated or combined with one or more other credit card accounts
An extension of credit in which the amount of credit extended exceeds the applicable threshold amount
(B) A charge for a package of services that includes an open-end credit feature, if the fee is required