Title 15 — Commerce and Trade
Chapter 41. Consumer Credit Protection
174 sections
Part A — General Provisions
- 1601Congressional findings and declaration of purpose
- 1602Definitions and rules of construction
- 1603Exempted transactions
- 1604Disclosure guidelines
- 1605Determination of finance charge
- 1606Determination of annual percentage rate
- 1607Administrative enforcement
- 1608Views of other agencies
- 1609Repealed. Pub. L. 94–239, § 3(b)(1)
- 1610Effect on other laws
- 1611Criminal liability for willful and knowing violation
- 1612Effect on government agencies
- 1613Annual reports to Congress by Bureau
- 1614Repealed. Pub. L. 96–221, title VI, § 616(b)
- 1615Prohibition on use of “Rule of 78’s” in connection with mortgage refinancings and other consumer loans
- 1616Board review of consumer credit plans and regulations
Part B — Credit Transactions
- 1631Disclosure requirements
- 1632Form of disclosure; additional information
- 1633Exemption for State-regulated transactions
- 1634Effect of subsequent occurrence
- 1635Right of rescission as to certain transactions
- 1636Repealed. Pub. L. 96–221, title VI, § 614(e)(1)
- 1637Open end consumer credit plans
- 1637aDisclosure requirements for open end consumer credit plans secured by consumer’s principal dwelling
- 1638Transactions other than under an open end credit plan
- 1638aReset of hybrid adjustable rate mortgages
- 1639Requirements for certain mortgages
- 1639aDuty of servicers of residential mortgages
- 1639bResidential mortgage loan origination
- 1639cMinimum standards for residential mortgage loans
- 1639dEscrow or impound accounts relating to certain consumer credit transactions
- 1639eAppraisal independence requirements
- 1639fRequirements for prompt crediting of home loan payments
- 1639gRequests for payoff amounts of home loan
- 1639hProperty appraisal requirements
- 1640Civil liability
- 1641Liability of assignees
- 1642Issuance of credit cards
- 1643Liability of holder of credit card
- 1644Fraudulent use of credit cards; penalties
- 1645Business credit cards; limits on liability of employees
- 1646Dissemination of annual percentage rates; implementation, etc.
- 1647Home equity plans
- 1648Reverse mortgages
- 1649Certain limitations on liability
- 1650Preventing unfair and deceptive private educational lending practices and eliminating conflicts of interest
- 1651Procedure for timely settlement of estates of decedent obligors
Part C — Credit Advertising and Limits on Credit Card Fees
- 1661Catalogs and multiple-page advertisements
- 1662Advertising of downpayments and installments
- 1663Advertising of open end credit plans
- 1664Advertising of credit other than open end plans
- 1665Nonliability of advertising media
- 1665aUse of annual percentage rate in oral disclosures; exceptions
- 1665bAdvertising of open end consumer credit plans secured by consumer’s principal dwelling
- 1665cInterest rate reduction on open end consumer credit plans
- 1665dReasonable penalty fees on open end consumer credit plans
- 1665eConsideration of ability to repay
Part D — Credit Billing
- 1666Correction of billing errors
- 1666aRegulation of credit reports
- 1666bTiming of payments
- 1666cPrompt and fair crediting of payments
- 1666dTreatment of credit balances
- 1666eNotification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor
- 1666fInducements to cardholders by sellers of cash discounts for payments by cash, check or similar means; finance charge for sales transactions involving cash discounts
- 1666gTie-in services prohibited for issuance of credit card
- 1666hOffset of cardholder’s indebtedness by issuer of credit card with funds deposited with issuer by cardholder; remedies of creditors under State law not affected
- 1666iAssertion by cardholder against card issuer of claims and defenses arising out of credit card transaction; prerequisites; limitation on amount of claims or defenses
- 1666i–1Limits on interest rate, fee, and finance charge increases applicable to outstanding balances
- 1666i–2Additional limits on interest rate increases
- 1666jApplicability of State laws
Part E — Consumer Leases
Subchapter II — Restrictions on Garnishment
Subchapter II–A — Credit Repair Organizations
Subchapter III — Credit Reporting Agencies
- 1681Congressional findings and statement of purpose
- 1681aDefinitions; rules of construction
- 1681bPermissible purposes of consumer reports
- 1681cRequirements relating to information contained in consumer reports
- 1681c–1Identity theft prevention; fraud alerts and active duty alerts
- 1681c–2Block of information resulting from identity theft
- 1681c–3Adverse information in cases of trafficking
- 1681dDisclosure of investigative consumer reports
- 1681eCompliance procedures
- 1681fDisclosures to governmental agencies
- 1681gDisclosures to consumers
- 1681hConditions and form of disclosure to consumers
- 1681iProcedure in case of disputed accuracy
- 1681jCharges for certain disclosures
- 1681kPublic record information for employment purposes
- 1681lRestrictions on investigative consumer reports
- 1681mRequirements on users of consumer reports
- 1681nCivil liability for willful noncompliance
- 1681oCivil liability for negligent noncompliance
- 1681pJurisdiction of courts; limitation of actions
- 1681qObtaining information under false pretenses
- 1681rUnauthorized disclosures by officers or employees
- 1681sAdministrative enforcement
- 1681s–1Information on overdue child support obligations
- 1681s–2Responsibilities of furnishers of information to consumer reporting agencies
- 1681s–3Affiliate sharing
- 1681tRelation to State laws
- 1681uDisclosures to FBI for counterintelligence purposes
- 1681vDisclosures to governmental agencies for counterterrorism purposes
- 1681wDisposal of records
- 1681xCorporate and technological circumvention prohibited
Subchapter IV — Equal Credit Opportunity
- 1691Scope of prohibition
- 1691aDefinitions; rules of construction
- 1691bPromulgation of regulations by the Bureau
- 1691cAdministrative enforcement
- 1691c–1Incentives for self-testing and self-correction
- 1691c–2Small business loan data collection
- 1691dApplicability of other laws
- 1691eCivil liability
- 1691fAnnual reports to Congress; contents
Subchapter V — Debt Collection Practices
- 1692Congressional findings and declaration of purpose
- 1692aDefinitions
- 1692bAcquisition of location information
- 1692cCommunication in connection with debt collection
- 1692dHarassment or abuse
- 1692eFalse or misleading representations
- 1692fUnfair practices
- 1692gValidation of debts
- 1692hMultiple debts
- 1692iLegal actions by debt collectors
- 1692jFurnishing certain deceptive forms
- 1692kCivil liability
- 1692lAdministrative enforcement
- 1692mReports to Congress by the Bureau; views of other Federal agencies
- 1692nRelation to State laws
- 1692oExemption for State regulation
- 1692pException for certain bad check enforcement programs operated by private entities
Subchapter VI — Electronic Fund Transfers
- 1693Congressional findings and declaration of purpose
- 1693aDefinitions
- 1693bRegulations
- 1693cTerms and conditions of transfers
- 1693dDocumentation of transfers
- 1693ePreauthorized transfers
- 1693fError resolution
- 1693gConsumer liability
- 1693hLiability of financial institutions
- 1693iIssuance of cards or other means of access
- 1693jSuspension of obligations
- 1693kCompulsory use of electronic fund transfers
- 1693lWaiver of rights
- 1693l–1General-use prepaid cards, gift certificates, and store gift cards
- 1693mCivil liability
- 1693nCriminal liability
- 1693oAdministrative enforcement
- 1693o–1Remittance transfers
- 1693o–2Reasonable fees and rules for payment card transactions
- 1693pReports to Congress
- 1693qRelation to State laws
- 1693rExemption for State regulation