Comment for 1026.37 - Content of Disclosures for Certain Mortgage Transactions (Loan Estimate)
For loans where a portion or all of the closing costs are offset by a credit or rebate provided by the
- 1026 (Regulation Z)
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For loans where a portion or all of the closing costs are offset by a credit or rebate provided by the
definition of loan originator does not include a loan originator's or creditor's employee who provides a credit
With respect to a covered separate credit feature accessible by a hybrid prepaid-credit card as defined
Fees imposed on the asset feature of a prepaid account in connection with a covered separate credit feature
per transaction fee on an asset feature of the prepaid account for purchases when a hybrid prepaid-credit
Assume that a creditor decreased the credit limit applicable to a consumer's account and sent a notice
Regulation Z (12 CFR part 1026) or Regulation E (12 CFR part 1005) applies in instances involving both credit
If a card issuer increases an annual percentage rate that applies to a credit card account under an open-end
Some credit plans call for negotiated advances under so-called open-end real estate mortgages.
Discounts for payment by other than credit.
A creditor may use illustrative credit transactions to make the necessary disclosures under § 1026.24
Such plans are not considered private education loans, if an interest rate will not be applied to the credit
The purpose of this part is to promote the informed use of consumer credit by requiring disclosures about
(B) An overdraft line of credit that is accessed by a debit card; or
An identification of each credit transaction in accordance with § 1026.8.
An identification of each credit transaction in accordance with § 1026.8.
(ii) A closed-end consumer credit transaction secured by a dwelling or real property.
(A) The term of the extension of credit is 90 days or less; or
(5) Offers for credit insurance or other optional products and other similar advertisements; and
(v) Additions of a credit or charge card to an existing open-end plan;
The following situations are not considered credit for purposes of the regulation:
Taxes, license fees, or registration fees paid by both cash and credit customers.
Discounts that are available to cash and credit customers, such as quantity discounts.
24(i) Prohibited Acts or Practices in Advertisements for Credit Secured by a Dwelling
Changes to the name of the credit card to which the program applies.