Comment for 1026.15 - Right of Rescission
For example, if a consumer uses a bank credit card to purchase materials from a merchant in an amount
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
For example, if a consumer uses a bank credit card to purchase materials from a merchant in an amount
amounts paid to insurance companies for insurance premiums; security interest fees, and amounts paid to credit
any amount in the form of money or property either to the creditor or to a third party as part of the credit
One applies to the general disclosure and advertising rules of the regulation, and two apply to the credit
As part of the credit transaction, some creditors require or permit a consumer to purchase an annuity
Thus, for example, in connection with the extension of credit under a high-cost mortgage, a creditor
Other than § 1026.36(c), § 1026.36 applies to extensions of consumer credit.
Except for prepaid interest under § 1026.37(g)(2)(iii), or charges for optional credit insurance
on or after November 7, 1989, a security interest in the consumer's dwelling is added to a line of credit
Fees to be disclosed include appraisal, credit report, government agency, and attorneys fees.
If applicable, the creditor may assume the $10,000 is both the advance and the credit limit.
impose a new fee once the plan has been opened, even if the fee is charged by a third party, such as a credit
The electronic submission of an application from a consumer or a consent to a credit line increase from
or charge required to be disclosed under § 1026.6(b)(2)(ii), (b)(2)(iii), or (b)(2)(xii) on a credit
that it currently considers when determining the annual percentage rates applicable to similar new credit
specified in § 1026.60(d)(2)(ii)(B) may appear either in or outside the table containing the required credit
Transaction fees on the prepaid account where the amount of the fee imposed when the transaction accesses credit
The credit disability insurance premium is financed.
This notice contains important information about your rights and our responsibilities under the Fair Credit
transaction not require the payment of interest under § 1026.3(h)(3) and that repayment of the amount of credit
Assume that a credit card account is opened on January 1 of year one and that the payment due date for
Section 1026.19(f)(1)(i) requires disclosure of the actual terms of the credit transaction, and the actual
(25) Security interest means an interest in property that secures performance of a consumer credit obligation
card issuer with the pertinent information about the loss, theft, or possible unauthorized use of a credit
cardholder has enrolled in an automatic payment plan offered by the card issuer and has agreed to pay the credit