§ 1026.58 Internet posting of credit card agreements.
(8) Private label credit card account and private label credit card plan.
- 1026 (Regulation Z)
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(8) Private label credit card account and private label credit card plan.
(i) Open a covered separate credit feature that could be accessible by the hybrid prepaid-credit card
Extensions of credit not covered. The exemption does not apply to extensions of credit, for example:
The consumer borrows the full credit line at account opening with no additional extensions of credit.
Underwriting, credit approval, and credit pricing.
The person that can extend the credit does not agree in writing to extend the credit;
This definition describes the characteristics of open-end credit (for which the applicable disclosure
The provisions in § 1026.12(a) and (b) governing the issuance of credit cards and the limitations
Allowing a prepaid card to access a covered separate credit feature that would make the card into a hybrid
Failure to reflect credit - timing.
A separate credit feature that meets the conditions of § 1026.61(a)(2)(i) is defined as a covered
An advance at an ATM on a covered separate credit feature accessed by a hybrid prepaid-credit card as
Under § 1026.12(a)(1), a credit card cannot be issued except in response to a request or an application
(12) Consumer credit means credit offered or extended to a consumer primarily for personal, family, or
(2) An extension of credit to other than a natural person, including credit to government agencies or
(ii) For an open-end credit plan, the credit limit for the plan when the account is opened.
The person does not extend the credit once the consumer has exceeded a certain amount of credit.
(C) An overdraft line of credit that is accessed by an account number, except if the account number is
(B) an interest rate will not be applied to the credit balance and the term of the extension of credit
Credit balances.
Credit balances.
Comparing any signature on credit slips for the purchases to the signature of the consumer (or an authorized
A hybrid prepaid-credit card as defined in § 1026.61 is a charge card with respect to a covered
(iv) Premiums or other charges payable at or before consummation for any credit life, credit disability
(viii) Separate credit feature means a credit account or a credit subaccount of a prepaid account through