Source: http://www.consumerfinance.gov/eregulations/diff/1026-1/2013-30108_20140118/2013-28210?from_version=2013-30108_20140118
Timestamp: 2017-01-24 17:17:20
Document Index: 220851198

Matched Legal Cases: ['§ 1026', 'art 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026', '§ 1026']

Comparison of 12 CFR § 1026.1 | eRegulations
1/18/2014 to
Supplement I to Part 1026 Official Interpretations
Regulation versions
Final Rule – 6/27/2016
Final Rule – 3/25/2016
Final Rule – 12/23/2015
Final Rule – 11/27/2015
Final Rule – 10/2/2015
Final Rule – 9/21/2015
Final Rule – 12/24/2015
Final Rule – 7/24/2015
Final Rule – 2/19/2015
Final Rule – 11/3/2014
Final Rule – 12/31/2013
Final Rule – 6/9/2015
Final Rule – 12/26/2013
Final Rule – 4/17/2015
Final Rule – 12/30/2014
Final Rule – 12/29/2014
Final Rule – 9/22/2014
Final Rule – 8/15/2014
Final Rule – 10/1/2013
Final Rule – 2/13/2013
Final Rule – 10/23/2013
Final Rule – 7/24/2013
Final Rule – 6/12/2013
Final Rule – 2/15/2013
Final Rule – 2/14/2013
Final Rule – 1/31/2013
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Final Rule – 12/16/2013
Final Rule – 11/25/2013
Final Rule – 5/23/2013
Final Rule – 1/22/2013
Final Rule – 5/3/2013
Final Rule – 3/28/2013
Final Rule – 11/21/2012
Final Rule – 11/23/2012
Final Rule – 12/30/2011
§ 1026.1 Authority, purpose, coverage, organization, enforcement, and liability. a.(a) Authority.This part, known as Regulation Z, is issued by the Bureau of Consumer Financial Protection to implement the Federal Truth in Lending Act, which is contained in title I of the Consumer Credit Protection Act, as amended (15 U.S.C. 1601 et seq.). This part also implements title XII, section 1204 of the Competitive Equality Banking Act of 1987 (Pub. L. 100-86, 101 Stat. 552). Furthermore, this part implements certain provisions of the Real Estate Settlement Procedures Act of 1974, as amended (12 U.S.C. 2601 et seq.). In addition, this part implements certain provisions of the Financial Institutions Reform, Recovery, and Enforcement Act, as amended (12 U.S.C. 3331 et seq.). The Bureau's information-collection requirements contained in this part have been approved by the Office of Management and Budget (OMB) under the provisions of 44 U.S.C. 3501 et seq. and have been assigned OMB No. 3170-0015 (Truth in Lending).
b.(b) Purpose.The purpose of this part is to promote the informed use of consumer credit by requiring disclosures about its terms and cost.cost, to ensure that consumers are provided with greater and more timely information on the nature and costs of the residential real estate settlement process, and to effect certain changes in the settlement process for residential real estate that will result in more effective advance disclosure to home buyers and sellers of settlement costs. The regulation also includes substantive protections. It gives consumers the right to cancel certain credit transactions that involve a lien on a consumer's principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes. The regulation does not generally govern charges for consumer credit, except that several provisions in Subpartsubpart G set forth special rules addressing certain charges applicable to credit card accounts under an open-end (not home-secured) consumer credit plan. The regulation requires a maximum interest rate to be stated in variable-rate contracts secured by the consumer's dwelling. It also imposes limitations on home-equity plans that are subject to the requirements of § 1026.40 and mortgages that are subject to the requirements of § 1026.32. The regulation prohibits certain acts or practices in connection with credit secured by a dwelling in § 1026.36, and credit secured by a consumer's principal dwelling in § 1026.35. The regulation also regulates certain practices of creditors who extend private education loans as defined in § 1026.46(b)(5). In addition, it imposes certain limitations on increases in costs for mortgage transactions subject to § 1026.19(e) and (f).
5.(5) NoExcept in transactions subject to § 1026.19(e) and (f), no person is required to provide the disclosures required by sections 128(a)(16) through (19), 128(b)(4), 129C(f)(1), 129C(g)(2) and (3), 129C(h), 129D(h), 129D(j)(1)(A), or 129D(j)(1)(A) of the Truth in Lending Act, section 4(c) of the Real Estate Settlement Procedures Act, or the disclosure required prior to settlement by section 129C(h) of the Truth in Lending Act. Except in transactions subject to § 1026.20(e), no person is required to provide the disclosure required by section 129D(j)(1)(B) of the Truth in Lending Act or section 4(c) of the Real Estate Settlement Procedures Act. Except in transactions subject to § 1026.39(d)(5), no person becoming a creditor with respect to an existing residential mortgage loan is required to provide the disclosure required by section 129C(h) of the Truth in Lending Act.
5.(5) Subpart E contains special rules for mortgage transactions. Section 1026.32 requires certain disclosures and provides limitations for closed-end loans that have rates or fees above specified amounts. Section 1026.33 requires special disclosures, including the total annual loan cost rate, for reverse mortgage transactions. Section 1026.34 prohibits specific acts and practices in connection with closed-end mortgage transactions that are subject to § 1026.32. Section 1026.35 prohibits specific acts and practices in connection with closed-end higher-priced mortgage loans, as defined in § 1026.35(a). Section 1026.36 prohibits specific acts and practices in connection with an extension of credit secured by a dwelling. Sections 1026.37 and 1026.38 set forth special disclosure requirements for certain closed-end transactions and open-end credit plans that have rates or fees above specified amounts or certain prepayment penalties. Section 1026.33 requires special disclosures, including the total annual loan cost rate, for reverse mortgage transactions. Section 1026.34 prohibits specific acts and practices in connection with high-cost mortgages,secured by real property, as defined inrequired by § 1026.32(a). Section 1026.35 prohibits specific acts and practices in connection with closed-end higher-priced mortgage loans, as defined in § 1026.35(a). Section 1026.36 prohibits specific acts and practices in connection with an extension of credit secured by a dwelling.1026.19(e) and (f).
e.(e) Enforcement and liability.Section 108 of the ActTruth in Lending Act contains the administrative enforcement provisions.provisions for that Act. Sections 112, 113, 130, 131, and 134 contain provisions relating to liability for failure to comply with the requirements of the Act and theTruth in Lending Act and the regulation. Section 1204(c) of Title XII of the Competitive Equality Banking Act of 1987, Public Law 100-86, 101 Stat. 552, incorporates by reference administrative enforcement and civil liability provisions of sections 108 and 130 of the Truth in Lending Act. Section 19 of the Real Estate Settlement Procedures Act contains the administrative enforcement provisions for that Act.
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