Important Note: On May 22, 2009, the Credit CARD Act of 2009, which made extensive revisions to the Truth in Lending Act, was enacted. The Federal Reserve Board has announced that it plans to issue amendments to Regulation Z to implement those revisions in accordance with the requirements of the Credit CARD Act. The Act requires that many of the amendments in the Board's January 2009 Regulation Z rule (which is effective 7/1/2010) will have to be changed, but the Board is not rescinding any of those requirements at this time. We have included those amendments effective 7/1/2010 in these pages, but users should read them with the understanding that they are subject to change. We have also posted amendments to the Regulation that are effective 8/20/2009 and 9/14/2009.
Subpart A--General
Sec. 226.1 - Authority, purpose, coverage, organization,
enforcement and liability.
Sec. 226.2 - Definitions and rules of construction.
Sec. 226.3 - Exempt transactions.
Sec. 226.4 - Finance charge.
Subpart B--Open-End Credit
Sec. 226.5 - General disclosure requirements.
Sec. 226.5a - Credit and charge card applications
and solicitations.
Sec. 226.5b - Requirements for home equity plans.
Sec. 226.6 - Initial disclosure statement.
(Effective 7/1/2010, Account Opening Disclosures.) Sec. 226.7 - Periodic statement.
Sec. 226.8 - Identification of transactions.
(Effective 7/1/2010, Identifying transactions on periodic statements.) Sec. 226.9 - Subsequent disclosure requirements.
Sec. 226.10 - Prompt crediting of payments.
Sec. 226.11 - Treatment of credit balances.
(Effective 7/1/2010, Treatment of credit balances; account termination.) Sec. 226.12 - Special credit card provisions.
Sec. 226.13 - Billing error resolution.
Sec. 226.14 - Determination of annual percentage
rate.
Sec. 226.15 - Right of rescission.
Sec. 226.16 - Advertising.
Subpart C--Closed-End Credit
Sec. 226.17 - General disclosure requirements.
Sec. 226.18 - Content of disclosures.
Sec. 226.19 - Certain mortgage and
variable-rate transactions.
Sec. 226.20 - Subsequent disclosure requirements.
Sec. 226.21 - Treatment of credit balances.
Sec. 226.22 - Determination of annual percentage
rate.
Sec. 226.23 - Right of rescission.
Sec. 226.24 - Advertising.
Subpart E--Special Rules for Certain Home Mortgage Transactions
Sec. 226.31 - General rules.
Sec. 226.32 - Requirements for certain closed-end
home mortgages.
Sec. 226.33 - Requirements for reverse mortgages.
Sec. 226.34 - Prohibited acts or practices in connection with credit subject to Sec. 226.32.
Sec. 226.35 - Prohibited acts or practices in connection with higher-priced mortgage loans.
Sec. 226.36 - Prohibited acts or practices in connection with credit secured by a consumer's principal dwelling.
Subpart F -- Special Rules for Private Education Loans
Sections 226.46 through 226.48 added, effective 9/14/2009 (mandatory compliance 2/14/2010)
Sec. 226.46 - Special disclosure requirements for private education loans.
Sec. 226.47 - Content of disclosures.
Sec. 226.48 - Limitations on private education loans.
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