§ 1026.12 Special credit card provisions.
A cardholder shall be liable for unauthorized use of a credit card only if:
- 1026 (Regulation Z)
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A cardholder shall be liable for unauthorized use of a credit card only if:
For purposes of this subpart, reverse mortgage transaction means a nonrecourse consumer credit obligation
In connection with a closed-end consumer credit transaction secured by a consumer's principal dwelling
(i) An open-end consumer credit transaction that is secured by the principal dwelling of a consumer;
(iv) Does not include an extension of credit in which the covered educational institution is the creditor
(ii) Overdraft lines of credit tied to asset accounts accessed by check-guarantee cards or by debit cards
(2) The separate credit feature is offered by the prepaid account issuer, its affiliate, or its business
Refunding any credit balance prior to receiving a written request (under § 1026.11(a)(2)) from the
The following example illustrates transactions where a credit extension occurs during the course of authorizing
The rights stated in the special rule for credit card purchases and any limitations on those rights.
.* When a consumer has a credit card account with a card issuer and the consumer opens a new credit card
(2) Adverse credit reports prohibited.
balance in full in a single payment and impose fees upon termination; prohibit additional extensions of credit
A card issuer must not impose a fee for violating the terms or other requirements of a credit card account
When a balance on a credit card account under an open-end (not home-secured) consumer credit plan is
(2) Any fees or charges that will be imposed only when credit is extended on the asset feature or when
The examples assume that consumer credit with a finance charge or written agreement for more than 4 installments
Credit extensions that are not subject to the regulation are not covered by § 1026.23 even if a
judging whether state laws that cover the types of requirements in chapters 1 (General provisions), 2 (Credit
Credit or lease transactions subject to the Oklahoma Consumer Credit Code are exempt from chapters 2
Except as provided in § 1026.52(a)(2), any fee or charge imposed on the covered separate credit
Credit automatically is drawn, transferred, or authorized to be drawn or transferred from the credit
pricing terms, such as periodic rates, annual percentage rates, and fees and charges imposed on the credit
a prepaid account accessed by a prepaid card on January 1 of year one and opens a covered separate credit
the submission of a consumer's financial information for the purposes of obtaining an extension of credit