Source: https://www.law.cornell.edu/cfr/text/12/226.54
Timestamp: 2016-05-05 17:31:47
Document Index: 92186100

Matched Legal Cases: ['art 226', '§ 226', '§ 226', '§ 226', '§ 226', '§ 226', '§ 226']

12 CFR 226.54 - Limitations on the imposition of finance charges. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter II › Subchapter A › Part 226 › Subpart G › Section 226.54 12 CFR 226.54 - Limitations on the imposition of finance charges.
For purposes of paragraph (a)(1) of this section, “grace period” has the same meaning as in § 226.5(b)(2)(ii)(B)(3).
Adjustments to finance charges as a result of the resolution of a dispute under§ 226.12 or § 226.13; or
Limitations on imposing finance charges as a result of the loss of a grace period - (1)
General rule. Except as provided in paragraph (b) of this section, a card issuer must not impose finance charges as a result of the loss of a grace period on a credit card account under an open-end (not home-secured) consumer credit plan if those finance charges are based on:
Definition of grace period. For purposes of paragraph (a)(1) of this section, “grace period” has the same meaning as in § 226.5(b)(2)(ii)(B)(3).
(1) Adjustments to finance charges as a result of the resolution of a dispute under § 226.12 or § 226.13; or