Comment for 1026.5 - General Disclosure Requirements
that, for an account under an open-end consumer credit plan that does not provide a grace period, a periodic
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
that, for an account under an open-end consumer credit plan that does not provide a grace period, a periodic
(2) Alternative summary statement.
(2) A reflection on or with a periodic statement of an extension of credit that is not identified in
(i) If periodic payments that are less than the full amount due are accepted, a statement that the creditor
Timely statement of balance.
limit on the account; or from reflecting a disputed amount and related finance or other charges on a periodic
disclosed under § 1026.7(a)(4) are only those in effect during the billing cycle reflected on the periodic
All references to “periodic statement” shall be read to indicate the invoice or other statement for the
advertisement for credit to finance the purchase of goods or services specified in the advertisement states a periodic
First statement after exemption terminates.
(i) If periodic payments that are less than the full amount due are accepted, a statement that the covered
Minimum payment repayment estimate disclosed on the periodic statement is three years or less.
(4) Billing cycle or cycle means the interval between the days or dates of regular periodic statements
If a statement was returned as undeliverable.
obligors with primary liability on a mortgage loan subject to § 1026.41, a servicer may send the periodic
1026.7(a)(9) or (b)(9), as applicable, no later than 60 days after the creditor transmitted the first periodic
The principal scheduled to be paid through the end of the 60th month after the due date of the first periodic
(3) A reflection on or with a periodic statement of an extension of credit for property or services not
(x) The minimum periodic payment required when the maximum annual percentage rate for each payment option
(2) Notice included with periodic statement.
The creditor need not disclose each periodic or maximum rate limitation that is currently available.
required by § 1026.9(c), or a rate increase notice required by § 1026.9(g), on or with the periodic
disclosed under § 1026.7(b)(4) are only those in effect during the billing cycle reflected on the periodic
In addition to omitting the information set forth in paragraph (f)(1) of this section, the periodic statement
Disclose the finance charge adjustment on the periodic statement and calculate the annual percentage