6500 - FDIC CONSUMER PROTECTION [Main Tabs]     [Table of Contents - 6500]     [Index]     [Previous Page]     [Next Page]     [Search] {{2-28-03 p.6501}} CONSUMER PROTECTION INDEX TO COMPLIANCE REGULATIONS   Advertising of Membership (FDIC Part 328)    2297 Community Reinvestment (FDIC Part 345)    2781 Interagency Questions and Answers Regarding Community Reinvestment    2788 Community Reinvestment Act    6988.25 Consumer Credit Protection Act    6565 Consumer Leasing (FRB Regulation M)    6685 Staff Commentary    6719 Consumer Leasing Act    6592 Deposit Insurance (FDIC Part 330)    2351 Electronic Fund Transfers (FRB Regulation E)    7361 Staff Interpretations    7389 Electronic Fund Transfer Act    6625 Equal Credit Opportunity (FRB Regulation B)    7209 Staff Interpretations    7241 Equal Credit Opportunity Act    6610.19 Expedited Funds Availability (FRB Regulation CC)    7413 Staff Commentary    7418.38 Expedited Funds Availability Act    7424 Fair Credit Billing Act    6588.16 Fair Credit Reporting Act    6600 Fair Credit Reporting Act (FTC Statement of Policy)    7179 Fair Credit Reporting Act (FDIC Q & As)    7197 Fair Debt Collection Practices Act    6616.01 Fair Housing (FDIC Part 338)    2647 Fair Housing Act    6987 Flood Insurance (FDIC Part 339)    2663 Flood Disaster Protection Act    7497 Home Mortgage Disclosure (FRB Regulation C)    7271 Staff Commentary    7287 Home Mortgage Disclosure Act    7301 Interest on Deposits (FDIC Part 329)    2311 NOW Accounts    7087         7586.18 {{2-28-03 p.6502}} Preservation of Consumers' Claims and Defenses (FTC)    7161 Privacy of Consumer Financial Information (Part 332)    2389 Frequently Asked Questions for the Privacy Regulation    2404.05 Prohibition on Interstate Branching for Deposit Production (FDIC Part 369)    3235 Riegle-Neal Interstate Banking and Branching Efficiency Act    7491 Real Estate Settlement Procedures (HUD Regulations X)    6991 Real Estate Settlement Procedures Act    7071 Right to Financial Privacy Act    7091 Truth in Lending (FRB Regulation Z)    6641 Truth in Lending Act (Consumer Credit Protection Act)    6565 Truth in Lending Commentary    6871 Adjustable Rate Mortgage Caps    6989 Truth in Savings (FRB Regulation DD)    7429 Staff Interpretations (FRB Part 230)    7459 Truth in Savings Act    7477 Unfair or Deceptive Acts or Practices (FRB Regulation AA)    7409 Staff Guidance    7412.03. {{2-28-03 p.6503}} CONSUMER PROTECTION TABLE OF CONTENTS CONSUMER CREDIT PROTECTION ACT SEC.   1    Short title of entire Act    6565 Title I—Consumer Credit Cost Disclosure CHAPTER 1—GENERAL PROVISIONS SEC. 101    Short title    6565 SEC. 102    Findings and declaration of purpose    6565 SEC. 103    Definitions and rules of construction    6566 SEC. 104    Exempted transactions    6569 SEC. 105    Regulations    6570 SEC. 106    Determination of finance charge    6570.01 SEC. 107    Determination of annual percentage rate    6570.03 SEC. 108    Administrative enforcement    6571 SEC. 109    Views of other agencies    6574 SEC. 110    [Repealed] SEC. 111    Effect on other laws    6574 SEC. 112    Criminal liability for willful and knowing violation    6575 SEC. 113    Effect on governmental agencies    6575 SEC. 114    Reports by Board and Attorney General    6575 SEC. 115    [Repealed] CHAPTER 2—CREDIT TRANSACTIONS SEC. 121    General requirement of disclosure    6576 SEC. 122    Form of disclosure; additional information    6577 SEC. 123    Exemption for State-regulated transactions    6578 SEC. 124    Effect of subsequent occurrence    6578 SEC. 125    Right of rescission as to certain transactions    6578 SEC. 126    [Repealed] SEC. 127    Open end consumer credit plans    6580 SEC. 127A    Disclosure requirements for open end consumer credit plans secured by the consumer's principal dwelling    6586 SEC. 128    Consumer credit not under open end credit plans    6588.01 SEC. 129    Requirements for certain mortgages    6588.04 SEC. 130    Civil liability    6588.06 SEC. 131    Liability of assignees    6588.08 SEC. 132    Issuance of credit cards    6588.10 SEC. 133    Liability of holder of credit card    6588.10 SEC. 134    Fraudulent use of credit card    6588.10-A SEC. 135    Business credit cards    6588.10-A SEC. 136    Dissemination of annual percentage rates    6588.10-B SEC. 137    Home equity plans    6588.11 SEC. 138    Reverse mortgages    6588.13 SEC. 139    Certain limitations on liability    6588.13 CHAPTER 3—CREDIT ADVERTISING SEC. 141    Catalogs and multiple-page advertisements    6588.14 {{2-28-03 p.6504}} SEC. 142    Advertising of downpayments and installments    6588.14 SEC. 143    Advertising of open end credit plans    6588.14-A SEC. 144    Advertising of credit other than open end plans    6588.14-A SEC. 145    Nonliability of media    6588.15 SEC. 146    Use of annual percentage rate in oral disclosures    6588.15 SEC. 147    Advertising of open end consumer credit plans secured by consumer's principal dwelling    6588.15 CHAPTER 4—CREDIT BILLING SEC. 161    Correction of billing errors    6588.16 SEC. 162    Regulation of credit reports    6590 SEC. 163    Length of billing period    6590.01 SEC. 164    Prompt crediting of payments    6590.01 SEC. 165    Treatment of credit balances    6590.01 SEC. 166    Prompt notification of returns    6590.01 SEC. 167    Use of cash discounts    6590.02 SEC. 168    Prohibition of tie-in services    6590.02 SEC. 169    Prohibition of offsets    6590.02 SEC. 170    Rights of credit card customers    6591 SEC. 171    Relation to State laws    6592 CHAPTER 5—CONSUMER LEASES SEC. 181    Definitions    6592 SEC. 182    Consumer lease disclosures    6592.01 SEC. 183    Lessee's liability on expiration or termination of lease    6592.01 SEC. 184    Consumer lease advertising    6592.02 SEC. 185    Civil liability    6592.03 SEC. 186    Relation to State laws    6592.03 SEC. 187    Regulations    6592.04 Title II—Extortionate Credit Transactions SEC. 201    Findings and purpose    6592.04 SEC. 202    Amendments to title 18, United States Code    6592.05 CHAPTER 42—EXTORTIONATE CREDIT TRANSACTIONS Sec. 891    Definitions and rules of construction    6592.05 Sec. 892    Making extortionate extensions of credit    6592.06 Sec. 893    Financing extortionate extensions of credit    6593 Sec. 894    Collection of extensions of credit by extortionate means    6593 Sec. 895    [Repealed] Sec. 896    Effect on State laws    6594 Title III—Restriction on Garnishment SEC. 301    Findings and purpose    6594 SEC. 302    Definitions    6595 SEC. 303    Restriction on garnishment    6595 SEC. 304    Restriction on discharge from employment by reason of garnishment    6596 SEC. 305    Exemption for State-regulated garnishments    6596 SEC. 306    Enforcement by Secretary of Labor    6596 SEC. 307    Effect on State laws    6596 Title IV—National Commission on Consumer Finance SEC. 401    Establishment    6597 {{2-28-03 p.6505}} SEC. 402    Membership of the Commission    6597 SEC. 403    Compensation of members    6597 SEC. 404    Duties of the Commission    6597 SEC. 405    Powers of the Commission    6598 SEC. 406    Administrative arrangements    6599 SEC. 407    Authorization of appropriations    6599 Title V—General Provisions SEC. 501    Severability    6600 SEC. 502    Captions and catchlines for reference only    6600 SEC. 503    Grammatical usages    6600 SEC. 504    Effective dates    6600 Title VI—Consumer Credit Reporting SEC. 601    Short title    6601 SEC. 602    Findings and purpose    6601 SEC. 603    Definitions and rules of construction    6601 SEC. 604    Permissible purposes of reports    6604 SEC. 605    Requirements relating to information contained in consumer reports    6610 SEC. 606    Disclosure of investigative consumer reports    6610.01 SEC. 607    Compliance procedures    6610.02 SEC. 608    Disclosures to governmental agencies    6610.03 SEC. 609    Disclosures to consumers    6610.03 SEC. 610    Conditions and form of disclosure to consumers    6610.05 SEC. 611    Procedure in case of disputed accuracy    6610.06 SEC. 612    Charges for certain disclosures    6610.08 SEC. 613    Public record information for employment purposes    6610.09 SEC. 614    Restrictions on investigative consumer reports    6610.10 SEC. 615    Requirements on users of consumer reports    6610.10 SEC. 616    Civil liability for willful noncompliance    6610.12 SEC. 617    Civil liability for negligent noncompliance    6610.12 SEC. 618    Jurisdiction of courts; limitation of actions    6610.13 SEC. 619    Obtaining information under false pretenses    6610.13 SEC. 620    Unauthorized disclosures by officers or employees    6610.13 SEC. 621    Administrative enforcement    6610.14 SEC. 623    Responsibilities of furnishers of information to consumer reporting agencies    6610.14-B SEC. 624    Relation to State laws    6610.15 SEC. 625    Disclosures to FBI for counterintelligence purposes    6610.16 SEC. 626    Disclosures to governmental agencies for counterterrorism purposes    6610.18 Title VII—Equal Credit Opportunity SEC. 701    Prohibited discrimination; reasons for adverse action    6610.19 SEC. 702    Definitions    6612 SEC. 703    Regulations    6612 SEC. 704    Administrative enforcement    6613 SEC. 704A    Incentives for self-testing and self-correction    6614 SEC. 705    Relation to State laws    6614.01 SEC. 706    Civil liability    6615 SEC. 707    Annual reports to Congress    6616 SEC. 708    Effective date    6616 SEC. 709    Short title    6616.01 {{2-28-03 p.6506}} Title VIII—Debt Collection Practices SEC. 801    Short title    6616.01 SEC. 802    Findings and purpose    6616.01 SEC. 803    Definitions    6617 SEC. 804    Acquisition of location information    6618 SEC. 805    Communication in connection with debt collection    6618 SEC. 806    Harassment or abuse    6619 SEC. 807    False or misleading representations    6619 SEC. 808    Unfair practices    6620 SEC. 809    Validation of debts    6621 SEC. 810    Multiple debts    6621 SEC. 811    Legal actions by debt collectors    6622 SEC. 812    Furnishing certain deceptive forms    6622 SEC. 813    Civil liability    6622 SEC. 814    Administrative enforcement    6623 SEC. 815    Reports to Congress by the Commission    6624 SEC. 816    Relation to State laws    6624 SEC. 817    Exemption for State regulation    6624.01 SEC. 818    Effective date    6624.01 Federal Trade Commission Staff Commentary on the Fair Debt Collection Practices   Act    6624.05 Title IX—Electronic Fund Transfers SEC. 901    Short title    6625 SEC. 902    Findings and purpose    6625 SEC. 903    Definitions    6625 SEC. 904    Regulations    6626 SEC. 905    Terms and conditions of transfers    6628.01 SEC. 906    Documentation of transfers; periodic statements    6628.02 SEC. 907    Preauthorized transfers    6629 SEC. 908    Error resolution    6629 SEC. 909    Consumer liability for unauthorized transfers    6631 SEC. 910    Liability of financial institutions    6632 SEC. 911    Issuance of cards or other means of access    6632 SEC. 912    Suspension of obligations    6633 SEC. 913    Compulsory use of electronic fund transfers    6633 SEC. 914    Waiver of rights    6633 SEC. 915    Civil liability    6633 SEC. 916    Criminal liability    6634 SEC. 917    Administrative enforcement    6635 SEC. 918    Reports to Congress    6636 SEC. 919    Relation to State laws    6636 SEC. 920    Exemption for State regulation    6637 SEC. 921    Effective date    6637 FEDERAL RESERVE BOARD'S REGULATION Z PART 226—TRUTH IN LENDING Subpart A—General SEC. 226.1    Authority, purpose, coverage, organization, enforcement and liability    6642 SEC. 226.2    Definitions and rules of construction    6643 SEC. 226.3    Exempt transactions    6646 SEC. 226.4    Finance charge    6646 {{2-28-03 p.6507}} Subpart B—Open-End Credit SEC. 226.5    General disclosure requirements    6648.01 SEC. 226.5a    Credit and charge card applications and solicitations    6649 SEC. 226.5b    Requirements for home equity plans    6652 SEC. 226.6    Initial disclosure statement    6652.03 SEC. 226.7    Periodic statement    6652.04 SEC. 226.8    Identification of transactions    6652.05 SEC. 226.9    Subsequent disclosure requirements    6652.06 SEC. 226.10    Prompt crediting of payments    6652.08 SEC. 226.11    Treatment of credit balances    6652.08 SEC. 226.12    Special credit card provisions    6652.08 SEC. 226.13    Billing error resolution    6654 SEC. 226.14    Determination of annual percentage rate    6656 SEC. 226.15    Right of rescission    6658 SEC. 226.16    Advertising    6660 Subpart C—Closed-End Credit SEC. 226.17    General disclosure requirements    6661 SEC. 226.18    Content of disclosures    6663 SEC. 226.19    Certain residential mortgage and variable rate transactions    6665 SEC. 226.20    Subsequent disclosure requirements    6666 SEC. 226.21    Treatment of credit balances    6666.01 SEC. 226.22    Determination of annual percentage rate    6666.02 SEC. 226.23    Right of rescission    6666.03 SEC. 226.24    Advertising    6667 Subpart D—Miscellaneous SEC. 226.25    Record retention    6667 SEC. 226.26    Use of annual percentage rate in oral disclosures    6668 SEC. 226.27    Spanish language disclosures    6668 SEC. 226.28    Effect on state laws    6668 SEC. 226.29    State exemptions    6669 SEC. 226.30    Limitation on rates    6670 Subpart E—Special rules for certain home mortgage transactions SEC. 226.31    General rules    6670 SEC. 226.32    Requirements for certain closed-end home mortgages    6670.01 SEC. 226.33    Requirements for reverse mortgages    6670.02-A SEC. 226.34    Prohibited acts or practices in connection with credit secured by a consumer's dwelling    6670.02-B SEC. 226.35    [Reserved] Subpart F—Electronic Communication SEC. 226.36    Requirements for electronic communication    6670.03 Appendix A—Effect on state laws    6670.04 Appendix B—State exemptions    6670.05 Appendix C—Issuance of staff interpretations    6671 Appendix D—Multiple advance construction loans    6672 Appendix E—Rules for card issuers that bill on a transaction-bytransaction basis    6674 Appendix F—Annual percentage rate computations for certain open-end credit plans    6675 Appendix G—Open-end model forms and clauses    6676 Appendix H—Closed-end model forms and clauses    6678.12 {{2-28-03 p.6508}} Appendix I—Federal enforcement agencies    6678.28 Appendix J—Annual percentage rate computations for closed-end credit transactions    6678.29 Appendix K—Total annual loan cost rate computations for reverse mortgage transactions    6678.39 Appendix L—Assumed loan periods for computations of total annual loan cost rates    6678.45 FEDERAL RESERVE BOARD'S REGULATION M PART 213—CONSUMER LEASING SEC. 213.1    Authority, scope, purpose, and enforcement    6685 SEC. 213.2    Definitions    6685 SEC. 213.3    General disclosure requirements    6686 SEC. 213.4    Content of disclosures    6687 SEC. 213.5    Renegotiations, extensions, and assumptions    6690 SEC. 213.6    Electronic communication    6691 SEC. 213.7    Advertising    6691 SEC. 213.8    Record retention    6692 SEC. 213.9    Relation to state laws    6692.01 Appendix A to Part 213—Model Forms    6693 Appendix B to Part 213—Federal Enforcement Agencies    6699 Appendix C to Part 213—Issuance of Staff Interpretations    6699 Supplement I to Part 213—Official Staff Commentary to Regulation M    6719   FEDERAL RESERVE BOARD'S CONSUMER LEASING OFFICIAL STAFF COMMENTARY TO REGULATION M      6719     FEDERAL RESERVE BOARD'S TRUTH IN LENDING OFFICIAL STAFF COMMENTARY TO REGULATION Z      6871 [Commentary] Subpart A—General 226.1    Authority, Purpose, Coverage, Organization, Enforcement and Liability    6872.01 226.2    Definitions and Rules of Construction    6873 226.3    Exempt Transactions    6884 226.4    Finance Charge    6886 [Commentary] Subpart B—Open-End Credit 226.5    General Disclosure Requirements    6896 226.6    Initial Disclosure Statement    6902.18 226.7    Periodic Statement    6903 226.8    Identification of Transactions    6905 226.9    Subsequent Disclosure Requirements    6908 226.10    Prompt Crediting of Payments    6913 226.11    Treatment of Credit Balances    6914 226.12    Special Credit Card Provisions    6915 226.13    Billing-Error Resolution    6919 226.14    Determination of Annual Percentage Rate    6924 226.15    Right of Rescission    6926.01 226.16    Advertising    6932 [Commentary] Subpart C—Closed-End Credit 226.17    General Disclosure Requirements    6934 226.18    Content of Disclosures    6945 {{2-28-03 p.6509}}