Comment for 1026.43 - Minimum Standards for Transactions Secured by a Dwelling
1026.43(d) and that this creditor has a documented practice of offering rate discounts to consumers with credit
- 1026 (Regulation Z)
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1026.43(d) and that this creditor has a documented practice of offering rate discounts to consumers with credit
Section 1026.59(d)(2) applies if an issuer increased the rate applicable to a credit card account under
property used as a trade-in, paid to a seller to reduce the cash price of goods or services purchased in a credit
Except for mortgage disclosures made in compliance with § 1026.19(a) or (e), (f), and (g), if a credit
(2) Other credit.
(i) Closed-end credit.
paragraph (d)(5) of this section shall be stated only for a mortgage loan that is a closed-end consumer credit
(2) During the calendar year preceding receipt of the consumer's application, the creditor extended credit
In determining which balance computation method to disclose, the card issuer shall assume that credit
Closing Disclosure by § 1026.38(j) for disclosure of consumer funds from a simultaneous second-lien credit
(See § 1026.2(a)(17)(iv) for disclosure requirements when a credit card is used to obtain the advances
the account does not qualify for a § 1026.3(b) exemption based on a $52,000 initial extension of credit
Except with respect to credit offered in connection with a prepaid account as defined in § 1026.61
the card issuer, such as disclosures of finance charges imposed at the time of honoring a consumer's credit
Assume that, for an account under an open-end consumer credit plan that does not provide a grace period
Requiring a written, signed statement from the consumer (or authorized user, in the case of a credit
encumbered by the creditor's security interest, although that person need not be a signatory to the credit
Although residential mortgage transactions would seldom be made on bona fide open-end credit plans (under
discussed in the commentary to § 1026.2, other types of shared-equity arrangements are not considered “credit
The creditor must disclose the cost of the credit as an annual rate, using the term annual percentage
Creditors need not return any money given by the consumer to a third party outside of the credit transaction
default; however, the interest rate after default is subject to a maximum interest rate set forth in a credit
The prohibition in § 1026.34(a)(3) applies where an extension of credit subject to § 1026.32
acquires only a beneficial interest or a security interest in the loan, or to a party that assumes the credit
A private education loan may include an extension of credit not excluded under § 1026.46(b)(5) that