6500 - FDIC CONSUMER PROTECTION [Main Tabs]     [Table of Contents - 6500]     [Index]     [Previous Page]     [Next Page]     [Search] {{2-28-03 p.6501}} CONSUMER PROTECTION INDEX TO COMPLIANCE REGULATIONS   Advertising of Membership (FDIC Part 328)    2297 Community Reinvestment (FDIC Part 345)    2781 Interagency Questions and Answers Regarding Community Reinvestment    2788 Community Reinvestment Act    6988.25 Consumer Credit Protection Act    6565 Consumer Leasing (FRB Regulation M)    6685 Staff Commentary    6719 Consumer Leasing Act    6592 Deposit Insurance (FDIC Part 330)    2351 Electronic Fund Transfers (FRB Regulation E)    7361 Staff Interpretations    7389 Electronic Fund Transfer Act    6625 Equal Credit Opportunity (FRB Regulation B)    7209 Staff Interpretations    7241 Equal Credit Opportunity Act    6610.19 Expedited Funds Availability (FRB Regulation CC)    7413 Staff Commentary    7418.38 Expedited Funds Availability Act    7424 Fair Credit Billing Act    6588.16 Fair Credit Reporting Act    6600 Fair Credit Reporting Act (FTC Statement of Policy)    7179 Fair Credit Reporting Act (FDIC Q & As)    7197 Fair Debt Collection Practices Act    6616.01 Fair Housing (FDIC Part 338)    2647 Fair Housing Act    6987 Flood Insurance (FDIC Part 339)    2663 Flood Disaster Protection Act    7497 Home Mortgage Disclosure (FRB Regulation C)    7271 Staff Commentary    7287 Home Mortgage Disclosure Act    7301 Interest on Deposits (FDIC Part 329)    2311 NOW Accounts    7087         7586.18 {{2-28-03 p.6502}} Preservation of Consumers' Claims and Defenses (FTC)    7161 Privacy of Consumer Financial Information (Part 332)    2389 Frequently Asked Questions for the Privacy Regulation    2404.05 Prohibition on Interstate Branching for Deposit Production (FDIC Part 369)    3235 Riegle-Neal Interstate Banking and Branching Efficiency Act    7491 Real Estate Settlement Procedures (HUD Regulations X)    6991 Real Estate Settlement Procedures Act    7071 Right to Financial Privacy Act    7091 Truth in Lending (FRB Regulation Z)    6641 Truth in Lending Act (Consumer Credit Protection Act)    6565 Truth in Lending Commentary    6871 Adjustable Rate Mortgage Caps    6989 Truth in Savings (FRB Regulation DD)    7429 Staff Interpretations (FRB Part 230)    7459 Truth in Savings Act    7477 Unfair or Deceptive Acts or Practices (FRB Regulation AA)    7409 Staff Guidance    7412.03. {{2-28-03 p.6503}} CONSUMER PROTECTION TABLE OF CONTENTS CONSUMER CREDIT PROTECTION ACT SEC.   1    Short title of entire Act    6565 Title I—Consumer Credit Cost Disclosure CHAPTER 1—GENERAL PROVISIONS SEC. 101    Short title    6565 SEC. 102    Findings and declaration of purpose    6565 SEC. 103    Definitions and rules of construction    6566 SEC. 104    Exempted transactions    6569 SEC. 105    Regulations    6570 SEC. 106    Determination of finance charge    6570.01 SEC. 107    Determination of annual percentage rate    6570.03 SEC. 108    Administrative enforcement    6571 SEC. 109    Views of other agencies    6574 SEC. 110    [Repealed] SEC. 111    Effect on other laws    6574 SEC. 112    Criminal liability for willful and knowing violation    6575 SEC. 113    Effect on governmental agencies    6575 SEC. 114    Reports by Board and Attorney General    6575 SEC. 115    [Repealed] CHAPTER 2—CREDIT TRANSACTIONS SEC. 121    General requirement of disclosure    6576 SEC. 122    Form of disclosure; additional information    6577 SEC. 123    Exemption for State-regulated transactions    6578 SEC. 124    Effect of subsequent occurrence    6578 SEC. 125    Right of rescission as to certain transactions    6578 SEC. 126    [Repealed] SEC. 127    Open end consumer credit plans    6580 SEC. 127A    Disclosure requirements for open end consumer credit plans secured by the consumer's principal dwelling    6586 SEC. 128    Consumer credit not under open end credit plans    6588.01 SEC. 129    Requirements for certain mortgages    6588.04 SEC. 130    Civil liability    6588.06 SEC. 131    Liability of assignees    6588.08 SEC. 132    Issuance of credit cards    6588.10 SEC. 133    Liability of holder of credit card    6588.10 SEC. 134    Fraudulent use of credit card    6588.10-A SEC. 135    Business credit cards    6588.10-A SEC. 136    Dissemination of annual percentage rates    6588.10-B SEC. 137    Home equity plans    6588.11 SEC. 138    Reverse mortgages    6588.13 SEC. 139    Certain limitations on liability    6588.13 CHAPTER 3—CREDIT ADVERTISING SEC. 141    Catalogs and multiple-page advertisements    6588.14 {{2-28-03 p.6504}} SEC. 142    Advertising of downpayments and installments    6588.14 SEC. 143    Advertising of open end credit plans    6588.14-A SEC. 144    Advertising of credit other than open end plans    6588.14-A SEC. 145    Nonliability of media    6588.15 SEC. 146    Use of annual percentage rate in oral disclosures    6588.15 SEC. 147    Advertising of open end consumer credit plans secured by consumer's principal dwelling    6588.15 CHAPTER 4—CREDIT BILLING SEC. 161    Correction of billing errors    6588.16 SEC. 162    Regulation of credit reports    6590 SEC. 163    Length of billing period    6590.01 SEC. 164    Prompt crediting of payments    6590.01 SEC. 165    Treatment of credit balances    6590.01 SEC. 166    Prompt notification of returns    6590.01 SEC. 167    Use of cash discounts    6590.02 SEC. 168    Prohibition of tie-in services    6590.02 SEC. 169    Prohibition of offsets    6590.02 SEC. 170    Rights of credit card customers    6591 SEC. 171    Relation to State laws    6592 CHAPTER 5—CONSUMER LEASES SEC. 181    Definitions    6592 SEC. 182    Consumer lease disclosures    6592.01 SEC. 183    Lessee's liability on expiration or termination of lease    6592.01 SEC. 184    Consumer lease advertising    6592.02 SEC. 185    Civil liability    6592.03 SEC. 186    Relation to State laws    6592.03 SEC. 187    Regulations    6592.04 Title II—Extortionate Credit Transactions SEC. 201    Findings and purpose    6592.04 SEC. 202    Amendments to title 18, United States Code    6592.05 CHAPTER 42—EXTORTIONATE CREDIT TRANSACTIONS Sec. 891    Definitions and rules of construction    6592.05 Sec. 892    Making extortionate extensions of credit    6592.06 Sec. 893    Financing extortionate extensions of credit    6593 Sec. 894    Collection of extensions of credit by extortionate means    6593 Sec. 895    [Repealed] Sec. 896    Effect on State laws    6594 Title III—Restriction on Garnishment SEC. 301    Findings and purpose    6594 SEC. 302    Definitions    6595 SEC. 303    Restriction on garnishment    6595 SEC. 304    Restriction on discharge from employment by reason of garnishment    6596 SEC. 305    Exemption for State-regulated garnishments    6596 SEC. 306    Enforcement by Secretary of Labor    6596 SEC. 307    Effect on State laws    6596 Title IV—National Commission on Consumer Finance SEC. 401    Establishment    6597 {{2-28-03 p.6505}} SEC. 402    Membership of the Commission    6597 SEC. 403    Compensation of members    6597 SEC. 404    Duties of the Commission    6597 SEC. 405    Powers of the Commission    6598 SEC. 406    Administrative arrangements    6599 SEC. 407    Authorization of appropriations    6599 Title V—General Provisions SEC. 501    Severability    6600 SEC. 502    Captions and catchlines for reference only    6600 SEC. 503    Grammatical usages    6600 SEC. 504    Effective dates    6600 Title VI—Consumer Credit Reporting SEC. 601    Short title    6601 SEC. 602    Findings and purpose    6601 SEC. 603    Definitions and rules of construction    6601 SEC. 604    Permissible purposes of reports    6604 SEC. 605    Requirements relating to information contained in consumer reports    6610 SEC. 606    Disclosure of investigative consumer reports    6610.01 SEC. 607    Compliance procedures    6610.02 SEC. 608    Disclosures to governmental agencies    6610.03 SEC. 609    Disclosures to consumers    6610.03 SEC. 610    Conditions and form of disclosure to consumers    6610.05 SEC. 611    Procedure in case of disputed accuracy    6610.06 SEC. 612    Charges for certain disclosures    6610.08 SEC. 613    Public record information for employment purposes    6610.09 SEC. 614    Restrictions on investigative consumer reports    6610.10 SEC. 615    Requirements on users of consumer reports    6610.10 SEC. 616    Civil liability for willful noncompliance    6610.12 SEC. 617    Civil liability for negligent noncompliance    6610.12 SEC. 618    Jurisdiction of courts; limitation of actions    6610.13 SEC. 619    Obtaining information under false pretenses    6610.13 SEC. 620    Unauthorized disclosures by officers or employees    6610.13 SEC. 621    Administrative enforcement    6610.14 SEC. 623    Responsibilities of furnishers of information to consumer reporting agencies    6610.14-B SEC. 624    Relation to State laws    6610.15 SEC. 625    Disclosures to FBI for counterintelligence purposes    6610.16 SEC. 626    Disclosures to governmental agencies for counterterrorism purposes    6610.18 Title VII—Equal Credit Opportunity SEC. 701    Prohibited discrimination; reasons for adverse action    6610.19 SEC. 702    Definitions    6612 SEC. 703    Regulations    6612 SEC. 704    Administrative enforcement    6613 SEC. 704A    Incentives for self-testing and self-correction    6614 SEC. 705    Relation to State laws    6614.01 SEC. 706    Civil liability    6615 SEC. 707    Annual reports to Congress    6616 SEC. 708    Effective date    6616 SEC. 709    Short title    6616.01 {{2-28-03 p.6506}} Title VIII—Debt Collection Practices SEC. 801    Short title    6616.01 SEC. 802    Findings and purpose    6616.01 SEC. 803    Definitions    6617 SEC. 804    Acquisition of location information    6618 SEC. 805    Communication in connection with debt collection    6618 SEC. 806    Harassment or abuse    6619 SEC. 807    False or misleading representations    6619 SEC. 808    Unfair practices    6620 SEC. 809    Validation of debts    6621 SEC. 810    Multiple debts    6621 SEC. 811    Legal actions by debt collectors    6622 SEC. 812    Furnishing certain deceptive forms    6622 SEC. 813    Civil liability    6622 SEC. 814    Administrative enforcement    6623 SEC. 815    Reports to Congress by the Commission    6624 SEC. 816    Relation to State laws    6624 SEC. 817    Exemption for State regulation    6624.01 SEC. 818    Effective date    6624.01 Federal Trade Commission Staff Commentary on the Fair Debt Collection Practices   Act    6624.05 Title IX—Electronic Fund Transfers SEC. 901    Short title    6625 SEC. 902    Findings and purpose    6625 SEC. 903    Definitions    6625 SEC. 904    Regulations    6626 SEC. 905    Terms and conditions of transfers    6628.01 SEC. 906    Documentation of transfers; periodic statements    6628.02 SEC. 907    Preauthorized transfers    6629 SEC. 908    Error resolution    6629 SEC. 909    Consumer liability for unauthorized transfers    6631 SEC. 910    Liability of financial institutions    6632 SEC. 911    Issuance of cards or other means of access    6632 SEC. 912    Suspension of obligations    6633 SEC. 913    Compulsory use of electronic fund transfers    6633 SEC. 914    Waiver of rights    6633 SEC. 915    Civil liability    6633 SEC. 916    Criminal liability    6634 SEC. 917    Administrative enforcement    6635 SEC. 918    Reports to Congress    6636 SEC. 919    Relation to State laws    6636 SEC. 920    Exemption for State regulation    6637 SEC. 921    Effective date    6637 FEDERAL RESERVE BOARD'S REGULATION Z PART 226—TRUTH IN LENDING Subpart A—General SEC. 226.1    Authority, purpose, coverage, organization, enforcement and liability    6642 SEC. 226.2    Definitions and rules of construction    6643 SEC. 226.3    Exempt transactions    6646 SEC. 226.4    Finance charge    6646 {{2-28-03 p.6507}} Subpart B—Open-End Credit SEC. 226.5    General disclosure requirements    6648.01 SEC. 226.5a    Credit and charge card applications and solicitations    6649 SEC. 226.5b    Requirements for home equity plans    6652 SEC. 226.6    Initial disclosure statement    6652.03 SEC. 226.7    Periodic statement    6652.04 SEC. 226.8    Identification of transactions    6652.05 SEC. 226.9    Subsequent disclosure requirements    6652.06 SEC. 226.10    Prompt crediting of payments    6652.08 SEC. 226.11    Treatment of credit balances    6652.08 SEC. 226.12    Special credit card provisions    6652.08 SEC. 226.13    Billing error resolution    6654 SEC. 226.14    Determination of annual percentage rate    6656 SEC. 226.15    Right of rescission    6658 SEC. 226.16    Advertising    6660 Subpart C—Closed-End Credit SEC. 226.17    General disclosure requirements    6661 SEC. 226.18    Content of disclosures    6663 SEC. 226.19    Certain residential mortgage and variable rate transactions    6665 SEC. 226.20    Subsequent disclosure requirements    6666 SEC. 226.21    Treatment of credit balances    6666.01 SEC. 226.22    Determination of annual percentage rate    6666.02 SEC. 226.23    Right of rescission    6666.03 SEC. 226.24    Advertising    6667 Subpart D—Miscellaneous SEC. 226.25    Record retention    6667 SEC. 226.26    Use of annual percentage rate in oral disclosures    6668 SEC. 226.27    Spanish language disclosures    6668 SEC. 226.28    Effect on state laws    6668 SEC. 226.29    State exemptions    6669 SEC. 226.30    Limitation on rates    6670 Subpart E—Special rules for certain home mortgage transactions SEC. 226.31    General rules    6670 SEC. 226.32    Requirements for certain closed-end home mortgages    6670.01 SEC. 226.33    Requirements for reverse mortgages    6670.02-A SEC. 226.34    Prohibited acts or practices in connection with credit secured by a consumer's dwelling    6670.02-B SEC. 226.35    [Reserved] Subpart F—Electronic Communication SEC. 226.36    Requirements for electronic communication    6670.03 Appendix A—Effect on state laws    6670.04 Appendix B—State exemptions    6670.05 Appendix C—Issuance of staff interpretations    6671 Appendix D—Multiple advance construction loans    6672 Appendix E—Rules for card issuers that bill on a transaction-bytransaction basis    6674 Appendix F—Annual percentage rate computations for certain open-end credit plans    6675 Appendix G—Open-end model forms and clauses    6676 Appendix H—Closed-end model forms and clauses    6678.12 {{2-28-03 p.6508}} Appendix I—Federal enforcement agencies    6678.28 Appendix J—Annual percentage rate computations for closed-end credit transactions    6678.29 Appendix K—Total annual loan cost rate computations for reverse mortgage transactions    6678.39 Appendix L—Assumed loan periods for computations of total annual loan cost rates    6678.45 FEDERAL RESERVE BOARD'S REGULATION M PART 213—CONSUMER LEASING SEC. 213.1    Authority, scope, purpose, and enforcement    6685 SEC. 213.2    Definitions    6685 SEC. 213.3    General disclosure requirements    6686 SEC. 213.4    Content of disclosures    6687 SEC. 213.5    Renegotiations, extensions, and assumptions    6690 SEC. 213.6    Electronic communication    6691 SEC. 213.7    Advertising    6691 SEC. 213.8    Record retention    6692 SEC. 213.9    Relation to state laws    6692.01 Appendix A to Part 213—Model Forms    6693 Appendix B to Part 213—Federal Enforcement Agencies    6699 Appendix C to Part 213—Issuance of Staff Interpretations    6699 Supplement I to Part 213—Official Staff Commentary to Regulation M    6719   FEDERAL RESERVE BOARD'S CONSUMER LEASING OFFICIAL STAFF COMMENTARY TO REGULATION M      6719     FEDERAL RESERVE BOARD'S TRUTH IN LENDING OFFICIAL STAFF COMMENTARY TO REGULATION Z      6871 [Commentary] Subpart A—General 226.1    Authority, Purpose, Coverage, Organization, Enforcement and Liability    6872.01 226.2    Definitions and Rules of Construction    6873 226.3    Exempt Transactions    6884 226.4    Finance Charge    6886 [Commentary] Subpart B—Open-End Credit 226.5    General Disclosure Requirements    6896 226.6    Initial Disclosure Statement    6902.18 226.7    Periodic Statement    6903 226.8    Identification of Transactions    6905 226.9    Subsequent Disclosure Requirements    6908 226.10    Prompt Crediting of Payments    6913 226.11    Treatment of Credit Balances    6914 226.12    Special Credit Card Provisions    6915 226.13    Billing-Error Resolution    6919 226.14    Determination of Annual Percentage Rate    6924 226.15    Right of Rescission    6926.01 226.16    Advertising    6932 [Commentary] Subpart C—Closed-End Credit 226.17    General Disclosure Requirements    6934 226.18    Content of Disclosures    6945 {{2-28-03 p.6509}} 226.19    Certain Residential Mortgage Transactions and Variable Rate Transactions    6956 226.20    Subsequent Disclosure Requirements    6958.09 226.21    Treatment of Credit Balances    6958.13 226.22    Determination of the Annual Percentage Rate    6958.14 226.23    Right of Rescission    6960 226.24    Advertising    6965 [Commentary] Subpart D—Miscellaneous 226.25    Record Retention    6969 226.26    Use of Annual Percentage Rate in Oral Disclosures    6969 226.27    Spanish Language Disclosures    6970 226.28    Effect on State Laws    6970 226.29    State Exemptions    6975 226.30    Limitation on Rules    6976 [Commentary] Subpart E—Special Rules for Certain Home Mortgage Transactions 226.31    General Rules    6979 226.32    Requirements for Certain Closed-End Home Mortgages    6980 226.33    Requirements for Reverse Mortgages    6982.02 226.34    Prohibited Acts or Practices in Connection with Credit Secured by a Consumer's Dwelling; Open-end Credit    6982.02-A [Commentary] Subpart F—Electronic Communication 226.36    Requirements for Electronic Communications    6982.02-C Appendix A to Part 226—Effect on State Laws    6982.02-E Appendix B to Part 226—State Exemptions    6982.03 Appendix C to Part 226—Issuance of Staff Interpretations    6982.03 Appendix D to Part 226—Multiple-Advance Construction Loans    6982.03 Appendix E to Part 226—Rules for Card Issuers That Bill on a Transaction-by-Transaction Basis    6982.04 Appendix F to Part 226—Annual Percentage Rate Computations for Certain Open-End Credit Plans    6982.04 Appendix G to Part 226—Open-End Model Forms and Clauses    6982.05 Appendix H to Part 226—Closed-End Model Forms and Clauses    6982.07 Appendix I to Part 226—Federal Enforcement Agencies    6984 Appendix J to Part 226—Annual Percentage Rate Computations for Closed-End Credit Transactions    6984 Appendix K to Part 226—Total Annual Loan Cost Rate Computations for Reverse Mortgage Transactions    6985 Appendix L to Part 226—Assumed Loan Periods for Computations of Total Annual Loan Cost Rates    6985 CIVIL RIGHTS ACT OF 1968—TITLE VIII (FAIR HOUSING) SEC. 800    Short title    6987 SEC. 801    Policy    6987 SEC. 802    Definitions    6987 SEC. 803    Effective dates of certain prohibitions    6988 SEC. 804    Discrimination in the sale or rental of housing and other prohibited practices    6988.01 SEC. 805    Discrimination in residential real estate-related transactions    6988.03 SEC. 806    Discrimination in the provision of brokerage services    6988.04 SEC. 807    Exemption    6988.04 {{2-28-03 p.6510}} SEC. 808    Administration    6988.05 SEC. 809    Education and conciliation    6988.06 SEC. 810    Administrative enforcement; preliminary matters    6988.07 SEC. 811    Subpoenas; giving of evidence    6988.10 SEC. 812    Enforcement by secretary    6988.11 SEC. 813    Enforcement by private persons    6988.14 SEC. 814    Enforcement by the Attorney General    6988.15 SEC. 815    Rules to implement title    6988.16 SEC. 816    Effect on state laws    6988.16 SEC. 817    Cooperation with state and local agencies administering fair housing laws    6988.16 SEC. 818    Interference, coercion, or intimidation    6988.16 SEC. 819    Appropriations    6988.17 SEC. 820    Separability of provisions    6988.17 HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1977—TITLE VIII (COMMUNITY REINVESTMENT) SEC. 801    Short title    6988.25 SEC. 802    Requirements of financial institutions    6988.25 SEC. 803    Definitions    6988.25 SEC. 804    Examinations by Federal supervisory agencies    6988.26 SEC. 805    Annual report to Congress    6988.27 SEC. 806    Regulations implementing the Act    6988.27 SEC. 807    Written evaluations    6988.27 SEC. 808    Operation of branch facilities by minorities and women    6988.29 SEC. 809    Small bank regulatory relief    6988.29 COMPETITIVE EQUALITY BANKING ACT OF 1987 TITLE XII—MISCELLANEOUS PROVISIONS SEC. 1204    Adjustable rates mortgage caps    6989 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S REGULATION X PART 3500—REAL ESTATE SETTLEMENT PROCEDURES ACT SEC. 3500.1    Designation    6991 SEC. 3500.2    Definitions    6991 SEC. 3500.3    Questions or suggestions from public and copies of public guidance documents    6995 SEC. 3500.4    Reliance upon rule, regulation or interpretation by HUD    6996 SEC. 3500.5    Coverage of RESPA    6996 SEC. 3500.6    Special information booklet at time of loan application    6997 SEC. 3500.7    Good faith estimate    6998 SEC. 3500.8    Use of HUD–1 or HUD–1A settlement statements    7000 SEC. 3500.9    Reproduction of settlement statements    7001 SEC. 3500.10    One-day advance inspection of HUD–1 or HUD–1A settlement statement; delivery; recordkeeping    7002 SEC. 3500.11    Mailing    7003 SEC. 3500.12    No fee    7003 SEC. 3500.13    Relation to state laws    7003 SEC. 3500.14    Prohibition against kickbacks and unearned fees    7004 SEC. 3500.15    Affiliated business arrangements.    7006 SEC. 3500.16    Title companies    7008 SEC. 3500.17    Escrow accounts    7008 SEC. 3500.18    Validity of contracts and liens    7020 SEC. 3500.19    Enforcement    7020 {{2-28-03 p.6511}} SEC. 3500.20    [Reserved]    7021 SEC. 3500.21    Mortgage servicing transfers    7021 Appendix A to Part 3500—Instructions for Completing HUD–1 and HUD–1A Settlement Statements; Sample HUD–1 and HUD 1–A Statements    7026 Appendix B to Part 3500—Illustration of Requirements of RESPA    7038 Appendix C to Part 3500—Sample Form of Good Faith Estimate [Name of Lender]    7043 Appendix D to Part 3500—Affiliated Business Arrangement Disclosure Statement Format    7044 Appendix E to Part 3500—Arithmetic Steps    7045 Appendix MS-1 to Part 3500—Servicing Disclosure Statement    7047 Appendix MS-2 to Part 3500—Notice of Assignment, Sale, or Transfer of Servicing Rights    7050 RESPA interpretive rulings    7053 REAL ESTATE SETTLEMENT PROCEDURES ACT OF 1974 SEC.  1    Short title    7071 SEC.  2    Findings and purpose    7071 SEC.  3    Definitions    7071 SEC.  4    Uniform settlement statement    7073 SEC.  5    Special information booklets    7073 SEC.  6    Servicing of mortgage loans and administration of escrow accounts    7074 SEC.  7    Exempted transactions    7079 SEC.  8    Prohibition against kickbacks and unearned fees    7079 SEC.  9    Title companies    7081 SEC. 10    Escrow accounts    7081 SEC. 12    Prohibition of fees for preparation of truth-in-lending, uniform settlement, and escrow account statements    7083 SEC. 13    [Repealed] SEC. 14    [Repealed]    7083 SEC. 15    [Repealed]    7083 SEC. 16    Jurisdiction of courts    7083 SEC. 17    Validity of contracts and liens    7084 SEC. 18    Relation to State laws    7084 SEC. 19    Authority of the Secretary    7084 SEC. 20    Effective date    7085 NOW ACCOUNTS SEC. 2    Prohibition on certain activities by depository institutions    7087 FINANCIAL INSTITUTIONS REGULATORY AND INTEREST RATE CONTROL ACT OF 1978 Title XI—Right to Financial Privacy SEC. 1100    Short title    7091 SEC. 1101    Definitions    7091 SEC. 1102    Confidentiality of records—government authorities    7092 SEC. 1103    Confidentiality of records–financial institutions    7092 SEC. 1104    Customer authorizations    7093 SEC. 1105    Administrative subpena and summons    7093 SEC. 1106    Search warrants    7094 SEC. 1107    Judicial subpena    7094 {{2-28-03 p.6512}} SEC. 1108    Formal written request    7095 SEC. 1109    Delayed notice—preservation of records    7096 SEC. 1110    Customer challenge provisions    7097 SEC. 1111    Duty of financial institutions    7098 SEC. 1112    Use of information    7098 SEC. 1113    Exceptions    7100 SEC. 1114    Special procedures    7102 SEC. 1115    Cost reimbursement    7103 SEC. 1116    Jurisdiction    7104 SEC. 1117    Civil penalties    7104 SEC. 1118    Injunctive relief    7104 SEC. 1119    Suspension of Statutes of Limitations    7105 SEC. 1120    Grand Jury Information    7105 SEC. 1121    [Repealed]    7105 SEC. 1122    Securities and Exchange Commission    7106 SEC. 2101    Effective date    7109 DEPARTMENT OF LABOR REGULATIONS: RESTRICTION ON GARNISHMENT Part 870—Restriction On Garnishment SUBPART A—GENERAL SEC. 870.1    Purpose and scope    7113 SEC. 870.2    Amendments to this part    7113 SUBPART B—DETERMINATIONS AND INTERPRETATIONS SEC. 870.10    Maximum part of aggregate disposable earnings subject to garnishment    7114 SEC. 870.11    Exceptions to the restrictions provided by section 303(a) of the CCPA and priorities among garnishments    7115 Subpart C—Exemptions for State-Regulated Garnishments SEC. 870.50    General provision    7116 SEC. 870.51    Exemption policy    7117 SEC. 870.52    Application for exemption of State-regulated garnishments    7117 SEC. 870.53    Action upon an application for exemption    7117 SEC. 870.54    Standards governing the granting of an application for exemption    7118 SEC. 870.55    Terms and conditions of every exemption    7118 SEC. 870.56    Termination of exemption    7118 SEC. 870.57    Exemptions    7118 Federal Trade Commission Trade Regulation Rule Concerning the Preservation of Consumers, Claims and Defenses    7161 FEDERAL TRADE COMMISSION REGULATIONS: STATEMENT OF GENERAL POLICY OR INTERPRETATION Part 600—Statement of General Policy or Interpretation SEC. 600.1    Authority and purpose    7179 SEC. 600.2    Legal effect    7179 Appendix—Commentary on the Fair Credit Reporting Act    7179 {{4-30-03 p.6513}} FDIC RELEASE: QUESTIONS AND ANSWERS REGARDING THE APPLICABILITY OF THE FAIR CREDIT REPORTING ACT TO THE OPERATIONS OF BANKS Financial Institutions and the Fair Credit Reporting Act Introduction    7197 I.    The financial institution as a user of consumer reports    7198 II.    The financial institution as a consumer reporting agency    7200 III.    Responsibilities of a financial institution to consumers when it is a consumer reporting agency    7202 IV.    Disputes about material in a consumer reporting agency's file    7203 V.    The financial institution as a purchaser of dealer paper    7204 VI.    Investigative consumer reports    7205 VII.    Responsibilities of a financial institution when it furnishes or uses consumer reports for employment purposes    7205 VIII.    Penalties, liabilities and the Act's effect on State law    7206 FEDERAL RESERVE BOARD'S REGULATION B PART 202—EQUAL CREDIT OPPORTUNITY 202.1    Authority, scope and purpose    7209 202.2    Definitions    7209 202.3    Limited exceptions for certain classes of transactions    7212 202.4    General rules    7213 202.5    Rules concerning requests for information    7213 202.6    Rules concerning evaluation of applications    7215 202.7    Rules concerning extensions of credit    7216 202.8    Special purpose credit programs    7217 202.9    Notifications    7218 202.10    Furnishing of credit information    7220 202.11    Relation to state law    7220 202.12    Record retention    7221 202.13    Information for monitoring purposes    7222 202.14    Rules on providing appraisal reports    7223 202.15    Incentives for self-testing and self-correction    7223 202.16    Requirements for electronic communication    7225 202.17    Enforcement, penalties and liabilities    7225 Appendix A to Part 202—Federal enforcement agencies    7226 Appendix B to Part 202—Model application forms    7227 Appendix C to Part 202—Sample notification forms    7240 Appendix D to Part 202—Issuance of staff interpretations    7248 Supplement I to Part 202—Official Staff Interpretations    7249 PART 203—HOME MORTGAGE DISCLOSURE (REGULATION C) (This Part 203 Effective until January 1, 2004) 203.1    Authority, purpose, and scope    7265 203.2    Definitions    7266 203.3    Exempt institutions    7267 203.4    Compilation of loan data    7267 203.5    Disclosure and reporting    7268 203.6    Enforcement    7269 {{4-30-03 p.6514}} Appendix A to Part 203—Form and Instructions for Completion of HMDA Loan/Application Register    7269 Appendix B to Part 203—Form and Instructions for Data Collection on Race or National Origin and Sex    7270.15 Supplement I to Part 203—Staff Commentary    7270.16 PART 203—HOME MORTGAGE DISCLOSURE (REGULATION C) (This Part 203 is effective January 1, 2004) 203.1    Authority, purpose, and scope    7271 203.2    Definitions    7271 203.3    Exempt institutions    7273 203.4    Compilation of loan data    7274 203.5    Disclosure and reporting    7275 203.6    Enforcement    7276 {{2-28-03 p.6514}} Appendix A to Part 203—Form and Instructions for Completion of HMDA Loan/Application Register    7276 Appendix B—Form and Instructions for Data Collection on Ethnicity, Race, and Sex    7286.01 Supplement I to Part 203—Staff Commentary    7287 HOME MORTGAGE DISCLOSURE ACT OF 1975 SEC. 301    Short title    7301 SEC. 302    Findings and purposes    7301 SEC. 303    Definitions    7301 SEC. 304    Maintenance of records and public disclosure    7302 SEC. 305    Enforcement    7306 SEC. 306    Relation to State laws    7307 SEC. 307    Research and improved methods    7308 SEC. 308    Study    7308 SEC. 309    Effective date    7308 SEC. 310    Compilation of aggregate data    7309 SEC. 311    Disclosure by the Secretary    7309 FEDERAL RESERVE BOARD'S REGULATION E PART 205—ELECTRONIC FUND TRANSFERS SEC. 205.1    Authority and purpose    7361 SEC. 205.2    Definitions    7361 SEC. 205.3    Coverage    7362 SEC. 205.4    General disclosure requirements; jointly offered services    7364 SEC. 205.5    Issuance of access devices    7364 SEC. 205.6    Liability of consumer for unauthorized transfers    7364.01 SEC. 205.7    Initial disclosures    7365 SEC. 205.8    Change in terms notice; error resolution notice    7366 SEC. 205.9    Receipts at electronic terminals; periodic statements    7367 SEC. 205.10    Preauthorized transfers    7368 SEC. 205.11    Procedures for resolving errors    7369 SEC. 205.12    Relation to other law    7371 SEC. 205.13    Administrative enforcement; record retention    7372 SEC. 205.14    Electronic fund transfer service provider not holding consumer's account    7373 SEC. 205.15    Electronic fund transfer of government benefits    7374 SEC. 205.16    Disclosures at automated teller machines    7375 {{4-30-03 p.6514.01}} SEC. 205.17    Requirements for electronic communication    7375 Appendix A to Part 205—Model Disclosure Clauses and Form    7376 Appendix B to Part 205—Federal Enforcement Agencies    7381 Appendix C to Part 205—Issuance of Staff Interpretations    7381 Supplement 1 to Part 205—Official Staff Interpretations    7389 PART 227—UNFAIR OR DECEPTIVE ACTS OR PRACTICES (REGULATION AA) Subpart A—Consumer Complaints 227.1    Definitions    7409 227.2    Consumer complaint procedure    7409 {{2-28-03 p.6515}} Subpart B—Credit Practices Rule 227.11    Authority, purpose, and scope    7410 227.12    Definitions    7411 227.13    Unfair credit contract provision    7411 227.14    Unfair or deceptive practices involving cosigners    7412 227.15    Unfair late charges    7412 227.16    State exemptions    7412 Staff Guidelines on the Credit Practices Rule—Subpart B of Regulation AA    7412.03 PART 229—AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC) Subpart A—General SEC. 229.1    Authority and purpose; organization    7413 SEC. 229.2    Definitions    7414 SEC. 229.3    Administrative enforcement    7418 Subpart B—Availability of Funds and Disclosure of Funds Availability Policies SEC. 229.10    Next-day availability    7418 SEC. 229.11    [Reserved] SEC. 229.12    Availability schedule    7418.02 SEC. 229.13    Exceptions    7418.03 SEC. 229.14    Payment of interest    7418.06 SEC. 229.15    General disclosure requirements    7418.06 SEC. 229.16    Specific availability policy disclosure    7418.06 SEC. 229.17    Initial disclosures    7418.08 SEC. 229.18    Additional disclosure requirements    7418.08 SEC. 229.19    Miscellaneous    7418.09 SEC. 229.20    Relation to state law    7418.10 SEC. 229.21    Civil liability    7418.11 Subpart C—Collection of Checks SEC. 229.30    Paying bank's responsibility for return of checks    7418.12 SEC. 229.31    Returning bank's responsibility for return of checks    7418.13 SEC. 229.32    Depositary bank's responsibility for returned checks    7418.15 SEC. 229.33    Notice of nonpayment    7418.16 SEC. 229.34    Warranties    7418.16 SEC. 229.35    Indorsements    7418.17 SEC. 229.36    Presentment and issuance of checks    7418.18 SEC. 229.37    Variation by agreement    7418.19 SEC. 229.38    Liability    7418.19 SEC. 229.39    Insolvency of bank    7418.21 SEC. 229.40    Effect of merger transaction    7418.21 SEC. 229.41    Relation to state law    7418.21 SEC. 229.42    Exclusions    7418.21 SEC. 229.43    Checks payable to Guam, American Samoa, and the Northern Mariana Islands    7418.22 Appendix A to Part 229—Routing Number Guide to Next-Day Availability Checks and Local Checks    7418.22 Appendix B to Part 229—Reduction of Schedules for Certain Nonlocal Checks    7418.26 Appendix C to Part 229—Model Availability Policy Disclosures, Clauses, and Notices    7418.27 {{2-28-03 p.6516}} Appendix D to Part 229—Indorsement Standards    7418.38 Appendix E to Part 229—Commentary    7418.38 Appendix F to Part 229—Official Board Interpretations; Preemption Determinations    7418.110 Board Policy Statement on Delayed Disbursement of Teller's Checks and Cashier's Checks    7418.124 COMPETITIVE EQUALITY BANKING ACT OF 1987 TITLE I—FINANCIAL INSTITUTIONS COMPETITIVE EQUALITY Sec. 101    Amendments to the Bank Holding Company Act of 1956    7421 TITLE II—MORATORIUM ON CERTAIN NONBANKING ACTIVITIES Sec. 201    Moratorium on certain nonbanking activities    7422 Sec. 202    Authority of federal banking agencies    7423 TITLE VI—EXPEDITED FUNDS AVAILABILITY Sec. 601    Short title    7424 Sec. 602    Definitions    7424 Sec. 603    Expedited funds availability schedules    7425 Sec. 604    Safeguard exceptions    7428 Sec. 605    Disclosure of funds availability policies    7428.03 Sec. 606    Payment of interest    7428.04 Sec. 607    Miscellaneous provisions    7428.04 Sec. 608    Effect on state law    7428.05 Sec. 609    Regulations and reports by Board    7428.05 Sec. 610    Administrative enforcement    7428.07 Sec. 611    Civil liability    7428.08 Sec. 613    Effective dates    7428.09 FEDERAL RESERVE BOARD'S REGULATION DD PART 230—TRUTH IN SAVINGS SEC. 230.1    Authority, purpose, coverage, and effect on state laws    7429 SEC. 230.2    Definitions    7429 SEC. 230.3    General disclosure requirements    7431 SEC. 230.4    Account disclosures    7431 SEC. 230.5    Subsequent disclosures    7433 SEC. 230.6    Periodic statement disclosures    7434 SEC. 230.7    Payment of interest    7434 SEC. 230.8    Advertising    7435 SEC. 230.9    Enforcement and record retention    7436 SEC. 230.10    Electronic Communication    7436 Appendix A—Annual percentage yield calculation    7436.01 Appendix B—Model clauses and sample forms    7442 Appendix C—Effect on state laws    7454 Appendix D—Issuance of staff interpretations    7454 Supplement I to Part 230—Official Staff Interpretations    7459 FEDERAL DEPOSIT INSURANCE CORPORATION IMPROVEMENT ACT OF 1991 Title II—Regulatory Improvement Subtitle F—Truth in Savings SEC. 261.    Short Title    7477 SEC. 262.    Findings and Purpose    7477 {{2-28-03 p.6516.01}}  (a)    Findings    7477  (b)    Purpose    7477 SEC. 263.    Disclosure of Interest Rates and Terms of Accounts  (a)    In general    7477  (b)    Broadcast and electronic media and outdoor advertising exception    7478  (c)    Disclosure required for on-premise displays    7478  (d)    Misleading description of free or no-cost accounts prohibited    7478  (e)    Misleading or inaccurate advertisements, etc., prohibited    7478 SEC. 264.    Account Schedule  (a)    In general    7479  (b)    Information on fees and changes    7479  (c)    Information on interest rates    7479  (d)    Other information    7480  (e)    Style and format    7480 SEC. 265.    Disclosure Requirements for Certain Accounts    7480 SEC. 266.    Distribution of Schedules  (a)    In general    7480  (b)    Distribution in case of certain initial deposits    7480  (c)    Distribution of notice of certain changes    7481  (d)    Distribution in case of accounts established by more than 1 individual or by a group    7481  (e)    Notice to account holders as of the effective date of regulations    7481 SEC. 267.    Payment of Interest  (a)    Calculated on full amount of principal    7481  (b)    No particular method of compounding interest required    7482  (c)    Date by which interest must accrue    7482 SEC. 268.    Periodic Statements    7482 SEC. 269.    Regulations  (a)    In general    7482  (b)    Model forms and clauses    7483 SEC. 270.    Administrative Enforcement  (a)    In general    7483  (b)    Additional enforcement powers    7483  (c)    Regulations by agencies other than the Board    7484 SEC. 271.    Civil Liability  (a)    Civil liability    7484 {{8-31-00 p.6517}}  (b)    Class action awards    7484  (c)    Bona fide errors    7485  (d)    No liability for overpayment    7485  (e)    Jurisdiction    7485  (f)    Reliance on Board rulings    7485  (g)    Notification of and adjustment for errors    7486  (h)    Multiple interests in 1 account    7486  (i)    Continuing failure to disclose    7486 SEC. 272.    Credit Unions  (a)    In general    7487  (b)    Regulations prescribed by the NCUA    7487 SEC. 273.    Effect on State Law    7487 SEC. 274.    Definitions    7487 RIEGLE-NEAL INTERSTATE BANKING AND BRANCHING EFFICIENCY ACT OF 1994 SEC. 1    Short title; table of contents    7491 SEC. 107    Equalizing competitive opportunities for United States and foreign banks    7491 SEC. 109    Prohibition against deposit production offices    7492 SEC. 111    Restatement of existing law    7493 SEC. 112    GAO report on data collection under interstate branching    7494 SEC. 210    Study and report on the United States financial services system    7494 [The page following this is 6565.] [Main Tabs]     [Table of 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