CHAPTER 41 — Consumer Credit Protection
174 sections.
SUBCHAPTER I — CONSUMER CREDIT COST DISCLOSURE 77 sections
Part A — General Provisions 16 sections
- § 1601. — Congressional findings and declaration of purpose
- § 1602. — Definitions and rules of construction
- § 1603. — Exempted transactions
- § 1604. — Disclosure guidelines
- § 1605. — Determination of finance charge
- § 1606. — Determination of annual percentage rate
- § 1607. — Administrative enforcement
- § 1608. — Views of other agencies
- § 1609. — Repealed. Pub. L. 94–239, § 3(b)(1), Mar. 23, 1976, 90 Stat. 253
- § 1610. — Effect on other laws
- § 1611. — Criminal liability for willful and knowing violation
- § 1612. — Effect on government agencies
- § 1613. — Annual reports to Congress by Bureau
- § 1614. — Repealed. Pub. L. 96–221, title VI, § 616(b), Mar. 31, 1980, 94 Stat. 182
- § 1615. — Prohibition on use of “Rule of 78’s” in connection with mortgage refinancings and other consumer loans
- § 1616. — Board review of consumer credit plans and regulations
Part B — Credit Transactions 31 sections
- § 1631. — Disclosure requirements
- § 1632. — Form of disclosure; additional information
- § 1633. — Exemption for State-regulated transactions
- § 1634. — Effect of subsequent occurrence
- § 1635. — Right of rescission as to certain transactions
- § 1636. — Repealed. Pub. L. 96–221, title VI, § 614(e)(1), Mar. 31, 1980, 94 Stat. 180
- § 1637. — Open end consumer credit plans
- § 1637a. — Disclosure requirements for open end consumer credit plans secured by consumer’s principal dwelling
- § 1638. — Transactions other than under an open end credit plan
- § 1638a. — Reset of hybrid adjustable rate mortgages
- § 1639. — Requirements for certain mortgages
- § 1639a. — Duty of servicers of residential mortgages
- § 1639b. — Residential mortgage loan origination
- § 1639c. — Minimum standards for residential mortgage loans
- § 1639d. — Escrow or impound accounts relating to certain consumer credit transactions
- § 1639e. — Appraisal independence requirements
- § 1639f. — Requirements for prompt crediting of home loan payments
- § 1639g. — Requests for payoff amounts of home loan
- § 1639h. — Property appraisal requirements
- § 1640. — Civil liability
- § 1641. — Liability of assignees
- § 1642. — Issuance of credit cards
- § 1643. — Liability of holder of credit card
- § 1644. — Fraudulent use of credit cards; penalties
- § 1645. — Business credit cards; limits on liability of employees
- § 1646. — Dissemination of annual percentage rates; implementation, etc.
- § 1647. — Home equity plans
- § 1648. — Reverse mortgages
- § 1649. — Certain limitations on liability
- § 1650. — Preventing unfair and deceptive private educational lending practices and eliminating conflicts of interest
- § 1651. — Procedure for timely settlement of estates of decedent obligors
Part C — Credit Advertising and Limits on Credit Card Fees 10 sections
- § 1661. — Catalogs and multiple-page advertisements
- § 1662. — Advertising of downpayments and installments
- § 1663. — Advertising of open end credit plans
- § 1664. — Advertising of credit other than open end plans
- § 1665. — Nonliability of advertising media
- § 1665a. — Use of annual percentage rate in oral disclosures; exceptions
- § 1665b. — Advertising of open end consumer credit plans secured by consumer’s principal dwelling
- § 1665c. — Interest rate reduction on open end consumer credit plans
- § 1665d. — Reasonable penalty fees on open end consumer credit plans
- § 1665e. — Consideration of ability to repay
Part D — Credit Billing 13 sections
- § 1666. — Correction of billing errors
- § 1666a. — Regulation of credit reports
- § 1666b. — Timing of payments
- § 1666c. — Prompt and fair crediting of payments
- § 1666d. — Treatment of credit balances
- § 1666e. — Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor
- § 1666f. — Inducements to cardholders by sellers of cash discounts for payments by cash, check or similar means; finance charge for sales transactions involving cash discounts
- § 1666g. — Tie-in services prohibited for issuance of credit card
- § 1666h. — Offset of cardholder’s indebtedness by issuer of credit card with funds deposited with issuer by cardholder; remedies of creditors under State law not affected
- § 1666i. — Assertion by cardholder against card issuer of claims and defenses arising out of credit card transaction; prerequisites; limitation on amount of claims or defenses
- § 1666i–1. — Limits on interest rate, fee, and finance charge increases applicable to outstanding balances
- § 1666i–2. — Additional limits on interest rate increases
- § 1666j. — Applicability of State laws
Part E — Consumer Leases 7 sections
- § 1667. — Definitions
- § 1667a. — Consumer lease disclosures
- § 1667b. — Lessee’s liability on expiration or termination of lease
- § 1667c. — Consumer lease advertising; liability of advertising media
- § 1667d. — Civil liability of lessors
- § 1667e. — Applicability of State laws; exemptions by Bureau from leasing requirements
- § 1667f. — Regulations
SUBCHAPTER II — RESTRICTIONS ON GARNISHMENT 7 sections
- § 1671. — Congressional findings and declaration of purpose
- § 1672. — Definitions
- § 1673. — Restriction on garnishment
- § 1674. — Restriction on discharge from employment by reason of garnishment
- § 1675. — Exemption for State-regulated garnishments
- § 1676. — Enforcement by Secretary of Labor
- § 1677. — Effect on State laws
SUBCHAPTER II–A — CREDIT REPAIR ORGANIZATIONS 11 sections
- § 1679. — Findings and purposes
- § 1679a. — Definitions
- § 1679b. — Prohibited practices
- § 1679c. — Disclosures
- § 1679d. — Credit repair organizations contracts
- § 1679e. — Right to cancel contract
- § 1679f. — Noncompliance with this subchapter
- § 1679g. — Civil liability
- § 1679h. — Administrative enforcement
- § 1679i. — Statute of limitations
- § 1679j. — Relation to State law
SUBCHAPTER III — CREDIT REPORTING AGENCIES 31 sections
- § 1681. — Congressional findings and statement of purpose
- § 1681a. — Definitions; rules of construction
- § 1681b. — Permissible purposes of consumer reports
- § 1681c. — Requirements relating to information contained in consumer reports
- § 1681c–1. — Identity theft prevention; fraud alerts and active duty alerts
- § 1681c–2. — Block of information resulting from identity theft
- § 1681c–3. — Adverse information in cases of trafficking
- § 1681d. — Disclosure of investigative consumer reports
- § 1681e. — Compliance procedures
- § 1681f. — Disclosures to governmental agencies
- § 1681g. — Disclosures to consumers
- § 1681h. — Conditions and form of disclosure to consumers
- § 1681i. — Procedure in case of disputed accuracy
- § 1681j. — Charges for certain disclosures
- § 1681k. — Public record information for employment purposes
- § 1681l. — Restrictions on investigative consumer reports
- § 1681m. — Requirements on users of consumer reports
- § 1681n. — Civil liability for willful noncompliance
- § 1681o. — Civil liability for negligent noncompliance
- § 1681p. — Jurisdiction of courts; limitation of actions
- § 1681q. — Obtaining information under false pretenses
- § 1681r. — Unauthorized disclosures by officers or employees
- § 1681s. — Administrative enforcement
- § 1681s–1. — Information on overdue child support obligations
- § 1681s–2. — Responsibilities of furnishers of information to consumer reporting agencies
- § 1681s–3. — Affiliate sharing
- § 1681t. — Relation to State laws
- § 1681u. — Disclosures to FBI for counterintelligence purposes
- § 1681v. — Disclosures to governmental agencies for counterterrorism purposes
- § 1681w. — Disposal of records
- § 1681x. — Corporate and technological circumvention prohibited
SUBCHAPTER IV — EQUAL CREDIT OPPORTUNITY 9 sections
- § 1691. — Scope of prohibition
- § 1691a. — Definitions; rules of construction
- § 1691b. — Promulgation of regulations by the Bureau
- § 1691c. — Administrative enforcement
- § 1691c–1. — Incentives for self-testing and self-correction
- § 1691c–2. — Small business loan data collection
- § 1691d. — Applicability of other laws
- § 1691e. — Civil liability
- § 1691f. — Annual reports to Congress; contents
SUBCHAPTER V — DEBT COLLECTION PRACTICES 17 sections
- § 1692. — Congressional findings and declaration of purpose
- § 1692a. — Definitions
- § 1692b. — Acquisition of location information
- § 1692c. — Communication in connection with debt collection
- § 1692d. — Harassment or abuse
- § 1692e. — False or misleading representations
- § 1692f. — Unfair practices
- § 1692g. — Validation of debts
- § 1692h. — Multiple debts
- § 1692i. — Legal actions by debt collectors
- § 1692j. — Furnishing certain deceptive forms
- § 1692k. — Civil liability
- § 1692l. — Administrative enforcement
- § 1692m. — Reports to Congress by the Bureau; views of other Federal agencies
- § 1692n. — Relation to State laws
- § 1692o. — Exemption for State regulation
- § 1692p. — Exception for certain bad check enforcement programs operated by private entities
SUBCHAPTER VI — ELECTRONIC FUND TRANSFERS 22 sections
- § 1693. — Congressional findings and declaration of purpose
- § 1693a. — Definitions
- § 1693b. — Regulations
- § 1693c. — Terms and conditions of transfers
- § 1693d. — Documentation of transfers
- § 1693e. — Preauthorized transfers
- § 1693f. — Error resolution
- § 1693g. — Consumer liability
- § 1693h. — Liability of financial institutions
- § 1693i. — Issuance of cards or other means of access
- § 1693j. — Suspension of obligations
- § 1693k. — Compulsory use of electronic fund transfers
- § 1693l. — Waiver of rights
- § 1693l–1. — General-use prepaid cards, gift certificates, and store gift cards
- § 1693m. — Civil liability
- § 1693n. — Criminal liability
- § 1693o. — Administrative enforcement
- § 1693o–1. — Remittance transfers
- § 1693o–2. — Reasonable fees and rules for payment card transactions
- § 1693p. — Reports to Congress
- § 1693q. — Relation to State laws
- § 1693r. — Exemption for State regulation