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#2259765 - 09/15/21 08:40 PM Technical Specifications for Credit Card Agreement
Anonymous
Unregistered

Can someone explain this to me? Is the bank only responsible for this if the CFPB requests it from them?

https://www.federalregister.gov/doc...-submissions-required-under-tila-and-the

Thank You

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#2259769 - 09/15/21 09:09 PM Re: Technical Specifications for Credit Card Agreement Anonymous
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 76,990
Galveston, TX
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2259792 - 09/16/21 04:47 PM Re: Technical Specifications for Credit Card Agreement Anonymous
Anonymous
Unregistered

Another anon chimes in:

If you are here on this BOL forum, asking questions about this rule this late in the game, then I'd assume this part of the rule will be of the most interest and relevance to you. (For source, see rlcarey's link above).

(5) De minimis exception. (i) A card issuer is not required to submit any credit card agreements to the Bureau if the card issuer had fewer than 10,000 open credit card accounts as of the last business day of the calendar quarter.

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