Comment for 1026.34 - Prohibited Acts or Practices in Connection With High-Cost Mortgages
For purposes of § 1026.34(a)(8), in connection with an open-end credit plan, the amount of the payment
- 1026 (Regulation Z)
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For purposes of § 1026.34(a)(8), in connection with an open-end credit plan, the amount of the payment
With respect to covered separate credit features accessible by hybrid prepaid-credit cards as defined
A card issuer assesses a $15 fee for credit drawn from a covered separate credit feature using a hybrid
(iv) The credit is primarily for personal, family, or household purposes.
(3) The credit contract does not require the payment of interest;
(F) Charges for voluntary credit insurance, debt cancellation or debt suspension.
7(b)(12)(iv) Provision of Information About Credit Counseling Services
9(b) Disclosures for Supplemental Credit Access Devices and Additional Features
The person retains discretion not to extend the credit, or
Credit accessed on an asset feature of a prepaid account.
61(a)(4) Exception for Credit Extended Through a Negative Balance
(b) Nonsale credit.
(iii) Notice to restrict credit.
(vi) Reduction of the credit limit.
(d) Special rule for credit and charge cards.
offered by the prepaid account issuer will be marketed to the customers of the person that can extend credit
Some lenders sell a product or service - such as credit, property, or health insurance - as part of a
iii.Some creditors offer programs containing a number of different credit features.
from the finance charge is a charge to recover the costs associated with processing applications for credit
The requirement of this section applies to consumer credit obligations secured by a dwelling (as dwelling
For example, the terms may differ between a prepaid account program where a covered separate credit feature
For purposes of this subpart, the term solicitation means an offer of credit that does not require the
A card issuer must not open a credit card account for a consumer under an open-end (not home-secured)
payment, or nonpayment, affect the consumer's access to the plan, the duration of the plan, the amount of credit
(A) A person who does not take a consumer credit application or offer or negotiate credit terms available