Comment for 1026.41 - Periodic Statements for Residential Mortgage Loans
The exemption in § 1026.41(e)(5)(iv)(B) applies with respect to a single periodic statement or coupon
- 1026 (Regulation Z)
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The exemption in § 1026.41(e)(5)(iv)(B) applies with respect to a single periodic statement or coupon
Mailing or delivery of periodic statements.
The creditor may make both the account-opening disclosures (§ 1026.6) and the periodic-statement
Clear and conspicuous disclosure of a changed term on a periodic statement provided to a consumer prior
issuer is not prohibited under § 1026.12(d) from automatically deducting the amount due on the periodic
Section 1026.41(e)(5)(iv) sets forth the time period in which a servicer must provide a periodic statement
-18(F) and G-18(G) demonstrate two examples of ways in which transactions could be presented on the periodic
interest will not be charged on transactions if the consumer pays the outstanding balance shown on a periodic
which interest will not be charged on purchases if the consumer pays the outstanding balance shown on a periodic
A minimum charge imposed if a charge would otherwise have been determined by applying a periodic rate
(B) If a notice required by paragraph (g)(4)(i) of this section is not included on or with a periodic
frequently than once per calendar month, such as on a monthly due date disclosed on the applicable periodic
.) - “credit” would suffice - except if the creditor is using the periodic statement to satisfy the billing-error
If the consumer alleges a failure to send a periodic statement under § 1026.13(a)(7), the disputed
Assume that the required minimum periodic payment due on February 25 is $100.
(B) If a notice required by paragraph (g)(1) of this section is not included on or with a periodic statement
purchases or other debits to the consumer's account (including those that have not yet been reflected on a periodic
Section 1026.41(e)(6)(i)(B) requires that the periodic statement be clearly and conspicuously labeled
apply only during the 21-day or 14-day period (as applicable) following mailing or delivery of the periodic
With regard to a periodic statement provided under § 1026.41(f), a servicer may use terminology
which interest will not be charged on purchases if the consumer pays the outstanding balance shown on a periodic
will not be charged on the check transactions if the consumer pays the outstanding balance shown on a periodic
Statement of counseling on advisability.
The initial periodic payment amount that will be due under the terms of the legal obligation, labeled
If an initial discount is not taken into account in applying overall or periodic rate limitations, that