Comment for 1026.3 - Exempt Transactions
Examples of business-purpose credit include:
- 1026 (Regulation Z)
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Examples of business-purpose credit include:
Examples of consumer-purpose credit include:
9(b)(3) Checks That Access a Credit Card Account
9(e) Disclosures Upon Renewal of Credit or Charge Card
Issuance of non-credit cards other than prepaid cards.
Compile and assemble credit application packages and supporting documentation;
The consumer who obtains credit through a covered transaction.
The consumer who obtains credit through a covered transaction.
Prepaid card that can access multiple separate credit features.
G-25(B) - Revocation Notice for Periodic Statement Regarding Over-the-Credit Limit Transactions You currently
Credit insurance sold before or after an open-end (not home-secured) plan is opened is considered “written
Suspension of credit privileges or reduction of credit limit.
insufficient or unavailable funds in the asset feature of the prepaid account to complete the transaction, credit
(ii) A home equity line of credit subject to § 1026.40, by using the periodic payment required
A card issuer shall not assess a fee or charge on a consumer's credit card account under an open-end
(i) A card issuer is not required to submit any credit card agreements to the Bureau if the card issuer
Generally, when a credit sale is refinanced within the meaning of § 1026.20(a), loan disclosures
If an escrow agent is used in both cash and credit sales of real estate and the agent's charge is $100
Use of a credit card to obtain a cash advance, even if the consumer then uses the money to purchase goods
Approved student credit forms.
Credit line increase.
(i) If a credit card account has been opened pursuant to paragraph (b)(1)(i) of this section, no increase
Credit accessed in connection with a prepaid account.
The requirement of this section does not apply to credit obligations entered into prior to December 9
Credit insurance and debt cancellation or suspension coverage.