Comment for 1026.17 - General Disclosure Requirements
on the rate at which the creditor would be obligated to renew or reserving the right to change the credit
- 1026 (Regulation Z)
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on the rate at which the creditor would be obligated to renew or reserving the right to change the credit
If the creditor does not know the precise credit terms, the creditor must base the disclosures on the
Pursuant to § 1026.36(b) and comment 36(b)-1, § 1026.36(d) applies to closed-end consumer credit
and maintains the information technology infrastructure that supports the Web site, cardholders with credit
Some creditors may offer a grace period on credit extended by the use of an access check under which
For checks that access a credit card account subject to the disclosure requirements in § 1026.9(
When a creditor uses the special rule in § 1026.17(c)(6) to disclose credit extensions as multiple
increases in the interest rate but also increases in other components, such as the rate of required credit
Similarly, when a card issuer is considering whether to increase the credit limit on an existing account
However, when a balance on a credit card account is subject to a deferred interest or similar program
However, § 1026.55(b)(4)(ii) does not require the card issuer to waive or credit the account for
For example, assume that the required minimum periodic payments for a credit card account are due on
Assume that on December 31 of year one the annual percentage rate that applies to a $5,000 balance on a credit
grace period, in the disclosures required under § 1026.60 for applications and solicitations for credit
may revise the balance computation names listed in § 1026.60(g) to refer more broadly to all new credit
For example, a fee for expedited delivery of a credit card is a charge imposed as part of the plan under
stock or a preferable type of equity interest to a loan originator based on the terms of a consumer credit
Assume that the billing cycles for a credit card account begin on the first day of the month and end
Appraised property value: $100,000 Interest rate: 9% Monthly advance: $301.80 Initial draw: $1,000 Line of credit
may be permanently financed by the same creditor, the general disclosure requirements for closed-end credit
must be viewed in the context of all facts and circumstances relevant to a particular extension of credit
the consumer must be placed in the same position as he or she was in prior to entering into the new credit