Comment for 1026.8 - Identifying Transactions on Periodic Statements
An alphabetical abbreviation of the name on the periodic statement even if the name appears in a more
- 1026 (Regulation Z)
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An alphabetical abbreviation of the name on the periodic statement even if the name appears in a more
These set out models for the long-form billing-error rights statement (for use with the account-opening
require that the written notice not be made on the payment medium or other material accompanying the periodic
could occur not only when minimum charges are imposed on an account with no balance, but also when a periodic
account under an open-end (not home-secured) consumer credit plan, a card issuer must provide on each periodic
other than a transaction that is subject to § 1026.19(e) and (f), the creditor shall disclose a statement
The requirement contemplates that the seller's name will appear on the periodic statement in essentially
pay by telephone in a menu of options provided to consumers at a toll-free number disclosed on its periodic
purposes of § 1026.41(d)(8), the length of a consumer's delinquency is measured as of the date of the periodic
If a single disclosure is used to comply with both §§ 1026.9(e) and 1026.7, the periodic statement
described in appendix M1 of this part, a card issuer must provide the following disclosures on the periodic
and loan costs scheduled to be paid through the end of the 60th month after the due date of the first periodic
with regard to the dwelling securing the mortgage loan, or requiring the servicer to cease providing a periodic
Thus, for example, the creditor need not retain each open-end periodic statement, so long as the specific
Periodic statements for billing cycles preceding July 31 in this example should not include in the interest
) in effect as of an identified month and year for the loan program disclosure assuming the maximum periodic
loan has a billing cycle shorter than a period of 31 days (for example, a bi-weekly billing cycle), a periodic
(4) The consumer files with the court overseeing the bankruptcy case a statement of intention pursuant
Section 1026.5(b)(2)(ii)(B)(1) applies if an account is eligible for a grace period when the periodic
late payment fee or penalty rate may be imposed, must appear on the front of the first page of the statement
The terms need not be more conspicuous when used for periodic statement disclosures under § 1026.7
interest rate disclosed under paragraph (s)(2)(ii) of this section, the amount of the fully amortizing periodic
A statement of whether the transaction includes a balloon payment, labeled “Balloon Payment.”
The periodic statement may omit the information set forth in paragraphs (d)(1)(ii) and (d)(8)(i), (ii
calendar-year-to-date totals at the end of the calendar year by separately aggregating finance charges attributable to periodic