82 FR 51975 - Consumer Leasing (Regulation M)
FEDERAL RESERVE SYSTEM
BUREAU OF CONSUMER FINANCIAL PROTECTION Federal Register Volume 82, Issue 216 (November 9, 2017)
BUREAU OF CONSUMER FINANCIAL PROTECTION
Federal Register Volume 82, Issue 216 (November 9, 2017)
| Page Range | 51975-51977 | |
| FR Document | 2017-24411 |
[Federal Register Volume 82, Number 216 (Thursday, November 9, 2017)] [Rules and Regulations] [Pages 51975-51977] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-24411] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM 12 CFR Part 213 [Docket No. R-1579] RIN 7100 AE-86 BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1013 [Docket No. CFPB-2017-0026] Consumer Leasing (Regulation M) AGENCY: Board of Governors of the Federal Reserve System (Board); and Bureau of Consumer Financial Protection (Bureau). ACTION: Final rules, official interpretations and commentary. ----------------------------------------------------------------------- SUMMARY: The Board and the Bureau are finalizing amendments to the official interpretations and commentary for the agencies' regulations that implement the Consumer Leasing Act (CLA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the CLA by requiring that the dollar threshold for exempt consumer leases be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If there is no annual percentage increase in the CPI-W, the Board and the Bureau will not adjust this exemption threshold from the prior year. However, in years following a year in which the exemption threshold was not adjusted, the threshold is calculated by applying the annual percentage change in the CPI-W to the dollar amount that would have resulted, after rounding, if the decreases and any subsequent increases in the CPI-W had been taken into account. Based on the annual percentage increase in the CPI-W as of June 1, 2017, the exemption threshold will increase from $54,600 to $55,800 effective January 1, 2018. Because the Dodd-Frank Act also requires similar adjustments in the Truth in Lending Act's threshold for exempt consumer credit transactions, the Board and the Bureau are making similar amendments to each of their respective regulations implementing the Truth in Lending Act elsewhere in this issue of the Federal Register. DATES: This final rule is effective January 1, 2018. FOR FURTHER INFORMATION CONTACT: Board: Vivian W. Wong, Senior Counsel, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, at (202) 452-3667; for users of [[Page 51976]] Telecommunications Device for the Deaf (TDD) only, contact (202) 263- 4869. Bureau: Jaclyn Maier, Counsel, Office of Regulations, Consumer Financial Protection Bureau, at (202) 435-7700. SUPPLEMENTARY INFORMATION: I. Background The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) increased the threshold in the Consumer Leasing Act (CLA) for exempt consumer leases, and the threshold in the Truth in Lending Act (TILA) for exempt consumer credit transactions,\1\ from $25,000 to $50,000, effective July 21, 2011.\2\ In addition, the Dodd- Frank Act requires that, on and after December 31, 2011, these thresholds be adjusted annually for inflation by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), as published by the Bureau of Labor Statistics. In April 2011, the Board issued a final rule amending Regulation M (which implements the CLA) consistent with these provisions of the Dodd-Frank Act, along with a similar final rule amending Regulation Z (which implements TILA) (collectively, the Board Final Threshold Rules).\3\ --------------------------------------------------------------------------- \1\ Although consumer credit transactions above the threshold are generally exempt, loans secured by real property or by personal property used or expected to be used as the principal dwelling of a consumer and private education loans are covered by TILA regardless of the loan amount. See 12 CFR 226.3(b)(1)(i) (Board) and 12 CFR 1026.3(b)(1)(i) (Bureau). \2\ Public Law 111-203, section 1100E, 124 Stat. 1376, 2111 (2010). \3\ 76 FR 18349 (Apr. 4, 2011); 76 FR 18354 (Apr. 4, 2011). --------------------------------------------------------------------------- Title X of the Dodd-Frank Act transferred rulemaking authority for a number of consumer financial protection laws from the Board to the Bureau, effective July 21, 2011. In connection with this transfer of rulemaking authority, the Bureau issued its own Regulation M implementing the CLA, 12 CFR 1013, substantially duplicating the Board's Regulation M.\4\ Although the Bureau has the authority to issue rules to implement the CLA for most entities, the Board retains authority to issue rules under the CLA for certain motor vehicle dealers covered by section 1029(a) of the Dodd-Frank Act, and the Board's Regulation M continues to apply to those entities.\5\ --------------------------------------------------------------------------- \4\ See 76 FR 78500 (Dec. 19, 2011); 81 FR 25323 (April 28, 2016). \5\ Section 1029(a) of the Dodd-Frank Act states: ``Except as permitted in subsection (b), the Bureau may not exercise any rulemaking, supervisory, enforcement, or any other authority * * * over a motor vehicle dealer that is predominantly engaged in the sale and servicing of motor vehicles, the leasing and servicing of motor vehicles, or both.'' 12 U.S.C. 5519(a). Section 1029(b) of the Dodd-Frank Act states: ``Subsection (a) shall not apply to any person, to the extent that such person (1) provides consumers with any services related to residential or commercial mortgages or self- financing transactions involving real property; (2) operates a line of business (A) that involves the extension of retail credit or retail leases involving motor vehicles; and (B) in which (i) the extension of retail credit or retail leases are provided directly to consumers; and (ii) the contract governing such extension of retail credit or retail leases is not routinely assigned to an unaffiliated third party finance or leasing source; or (3) offers or provides a consumer financial product or service not involving or related to the sale, financing, leasing, rental, repair, refurbishment, maintenance, or other servicing of motor vehicles, motor vehicle parts, or any related or ancillary product or service.'' 12 U.S.C. 5519(b). --------------------------------------------------------------------------- The Board's and the Bureau's regulations,\6\ and their accompanying commentaries, provide that the exemption threshold will be adjusted annually effective January 1 of each year based on any annual percentage increase in the CPI-W that was in effect on the preceding June 1. They further provide that any increase in the threshold amount will be rounded to the nearest $100 increment. For example, if the annual percentage increase in the CPI-W would result in a $950 increase in the threshold amount, the threshold amount will be increased by $1,000. However, if the annual percentage increase in the CPI-W would result in a $949 increase in the threshold amount, the threshold amount will be increased by $900.\7\ Since 2011, the Board and the Bureau have adjusted the Regulation M exemption threshold annually, in accordance with these rules. --------------------------------------------------------------------------- \6\ 12 CFR 213.2(e)(1) (Board) and 12 CFR 1013.2(e)(1) (Bureau). \7\ See comments 2(e)-9 in Supplements I of 12 CFR parts 213 and 1013. --------------------------------------------------------------------------- On November 30, 2016, the Board and the Bureau published a final rule in the Federal Register to memorialize the calculation method used by the agencies each year to adjust the exemption threshold to ensure that the values for the exemption threshold keep pace with the CPI-W as contemplated by section 1100E(b) of the Dodd-Frank Act (Regulation M Adjustment Calculation Rule).\8\ The Regulation M Adjustment Calculation Rule memorialized the policy that if there is no annual percentage increase in the CPI-W, the Board and Bureau will not adjust the exemption threshold from the prior year. The Regulation M Adjustment Calculation Rule also provided that in years following a year in which the exemption threshold was not adjusted because there was a decrease in the CPI-W from the previous year, the threshold is calculated by applying the annual percentage change in the CPI-W to the dollar amount that would have resulted, after rounding, if the decreases and any subsequent increases in the CPI-W had been taken into account. If the resulting amount calculated, after rounding, is greater than the current threshold, then the threshold effective January 1 the following year will increase accordingly; if the resulting amount calculated, after rounding, is equal to or less than the current threshold, then the threshold effective January 1 the following year will not change, but future increases will be calculated based on the amount that would have resulted, after rounding. --------------------------------------------------------------------------- \8\ See 81 FR 86256 (Nov. 30, 2016). --------------------------------------------------------------------------- II. 2018 Adjustment and Commentary Revision Effective January 1, 2018, the exemption threshold amount is increased from $54,600 to $55,800. This is based on the CPI-W in effect on June 1, 2017, which was reported on May 12, 2017. The Bureau of Labor Statistics publishes consumer-based indices monthly, but does not report a CPI change on June 1; adjustments are reported in the middle of the prior month. The CPI-W is a subset of the CPI-U index (based on all urban consumers) and represents approximately 28 percent of the U.S. population. The CPI-W reported on May 12, 2017 reflects a 2.1 percent increase in the CPI-W from April 2016 to April 2017. Accordingly, the 2.1 percent increase in the CPI-W from April 2016 to April 2017 results in an exemption threshold amount of $55,800. The Board and the Bureau are revising the commentaries to their respective regulations to add new comment 2(e)-11.ix to state that, from January 1, 2018 through December 31, 2018, the threshold amount is $55,800. These revisions are effective January 1, 2018. III. Regulatory Analysis Administrative Procedure Act Under the Administrative Procedure Act, notice and opportunity for public comment are not required if the Board and the Bureau find that notice and public comment are impracticable, unnecessary, or contrary to the public interest.\9\ The amendments in this rule are technical and apply the method previously set forth in the Board Final Threshold Rules and the Regulation M Adjustment Calculation Rule. For these reasons, the Board and the Bureau have determined that publishing a notice of proposed rulemaking and providing [[Page 51977]] opportunity for public comment are unnecessary. Therefore, the amendments are adopted in final form. --------------------------------------------------------------------------- \9\ 5 U.S.C. 553(b)(B). --------------------------------------------------------------------------- Regulatory Flexibility Act The Regulatory Flexibility Act (RFA) does not apply to a rulemaking where a general notice of proposed rulemaking is not required.\10\ As noted previously, the agencies have determined that it is unnecessary to publish a general notice of proposed rulemaking for this joint final rule. Accordingly, the RFA's requirements relating to an initial and final regulatory flexibility analysis do not apply. --------------------------------------------------------------------------- \10\ 5 U.S.C. 603 and 604. --------------------------------------------------------------------------- Paperwork Reduction Act In accordance with the Paperwork Reduction Act of 1995,\11\ the agencies reviewed this final rule. No collections of information pursuant to the Paperwork Reduction Act are contained in the final rule. --------------------------------------------------------------------------- \11\ 44 U.S.C. 3506; 5 CFR 1320. --------------------------------------------------------------------------- List of Subjects 12 CFR Part 213 Advertising, Consumer leasing, Consumer protection, Federal Reserve System, Reporting and recordkeeping requirements. 12 CFR Part 1013 Advertising, Consumer leasing, Reporting and recordkeeping requirements, Truth in lending. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Authority and Issuance For the reasons set forth in the preamble, the Board amends Regulation M, 12 CFR part 213, as set forth below: PART 213--CONSUMER LEASING (REGULATION M) 0 1. The authority citation for part 213 continues to read as follows: Authority: 15 U.S.C. 1604 and 1667f; Pub. L. 111-203 section 1100E, 124 Stat. 1376. 0 2. In Supplement I to part 213, under Section 213.2--Definitions, under 2(e) Consumer Lease, paragraph 11.ix is added to read as follows: Supplement I to Part 213--Official Staff Interpretations * * * * * Section 213.2--Definitions * * * * * 2(e) Consumer Lease * * * * * 11. * * * ix. From January 1, 2018 through December 31, 2018, the threshold amount is $55,800. * * * * * BUREAU OF CONSUMER FINANCIAL PROTECTION Authority and Issuance For the reasons set forth in the preamble, the Bureau amends Regulation M, 12 CFR part 1013, as set forth below: PART 1013--CONSUMER LEASING (REGULATION M) 0 3. The authority citation for part 1013 continues to read as follows: Authority: 15 U.S.C. 1604 and 1667f; Pub. L. 111-203 section 1100E, 124 Stat. 1376. 0 4. In Supplement I to part 1013, under Section 1013.2--Definitions, under 2(e)--Consumer Lease, paragraph 11.ix is added to read as follows: Supplement I to Part 1013--Official Interpretations * * * * * Section 1013.2--Definitions * * * * * 2(e) Consumer Lease * * * * * 11. * * * ix. From January 1, 2018 through December 31, 2018, the threshold amount is $55,800. * * * * * By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, November 2, 2017. Ann E. Misback, Secretary of the Board. Dated: September 7, 2017. Richard Cordray, Director, Bureau of Consumer Financial Protection. [FR Doc. 2017-24411 Filed 11-8-17; 8:45 am] BILLING CODE 4810-AM-P 6210-01-P
![Federal Register / Vol. 82, No. 216 / Thursday, November 9, 2017 / Rules and Regulations 51975
Appendix C to Subpart G—OCC PART 1026—TRUTH IN LENDING FEDERAL RESERVE SYSTEM
Interpretations (REGULATION Z)
12 CFR Part 213
* * * * *
■ 5. The authority citation for part 1026 [Docket No. R–1579]
Section 34.203—Appraisals for Higher-Priced
continues to read as follows:
Mortgage Loans RIN 7100 AE–86
* * * * * Authority: 12 U.S.C. 2601, 2603–2605,
2607, 2609, 2617, 3353, 5511, 5512, 5532, BUREAU OF CONSUMER FINANCIAL
34.203(b) Exemptions. 5581; 15 U.S.C. 1601 et seq. PROTECTION
* * * * *
Paragraph 34.203(b)(2) ■ 6. In supplement I to part 1026, under
12 CFR Part 1013
Section 1026.35—Requirements for
* * * * *
Higher-Priced Mortgage Loans, under [Docket No. CFPB–2017–0026]
3. * * *
v. From January 1, 2018, through December Paragraph 35(c)(2)(ii), paragraph 3.v is
added to read as follows: Consumer Leasing (Regulation M)
31, 2018, the threshold amount is $26,000.
* * * * * Supplement I to Part 1026—Official AGENCY: Board of Governors of the
Interpretations Federal Reserve System (Board); and
BOARD OF GOVERNORS OF THE Bureau of Consumer Financial
FEDERAL RESERVE SYSTEM * * * * * Protection (Bureau).
Authority and Issuance Subpart E—Special Rules for Certain Home ACTION: Final rules, official
Mortgage Transactions interpretations and commentary.
For the reasons set forth in the
preamble, the Board amends Regulation * * * * *
SUMMARY: The Board and the Bureau are
Z, 12 CFR part 226, as set forth below: Section 1026.35—Requirements for Higher- finalizing amendments to the official
Priced Mortgage Loans interpretations and commentary for the
PART 226—TRUTH IN LENDING agencies’ regulations that implement the
* * * * *
(REGULATION Z) Consumer Leasing Act (CLA). The
35(c)—Appraisals
Dodd-Frank Wall Street Reform and
■ 3. The authority citation for part 226 * * * * * Consumer Protection Act (Dodd-Frank
continues to read as follows: 35(c)(2) Exemptions Act) amended the CLA by requiring that
Authority: 12 U.S.C. 3806; 15 U.S.C. 1604, * * * * * the dollar threshold for exempt
1637(c)(5), 1639(l), and 1639h; Pub. L. 111– consumer leases be adjusted annually
Paragraph 35(c)(2)(ii) by the annual percentage increase in the
24, section 2, 123 Stat. 1734; Pub. L. 111–
203, 124 Stat. 1376. * * * * * Consumer Price Index for Urban Wage
3. * * * Earners and Clerical Workers (CPI–W).
■ 4. In supplement I to part 226, under v. From January 1, 2018, through December If there is no annual percentage increase
Section 226.43—Appraisals for Higher- 31, 2018, the threshold amount is $26,000. in the CPI–W, the Board and the Bureau
Risk Mortgage Loans, under Paragraph * * * * * will not adjust this exemption threshold
43(b)(2), paragraph 3.v is added to read from the prior year. However, in years
as follows: Dated: September 26, 2017.
following a year in which the exemption
Keith A. Noreika, threshold was not adjusted, the
Supplement I to Part 226—Official Staff
Interpretations Acting Comptroller of the Currency. threshold is calculated by applying the
By order of the Board of Governors of the annual percentage change in the CPI–W
* * * * * Federal Reserve System, acting through the to the dollar amount that would have
Subpart E—Special Rules for Certain Home Secretary of the Board under delegated resulted, after rounding, if the decreases
Mortgage Transactions authority, November 2, 2017. and any subsequent increases in the
* * * * * Ann E. Misback, CPI–W had been taken into account.
Secretary of the Board. Based on the annual percentage increase
Section 226.43—Appraisals for Higher-Risk in the CPI–W as of June 1, 2017, the
Mortgage Loans Dated: September 7, 2017.
exemption threshold will increase from
* * * * * Richard Cordray, $54,600 to $55,800 effective January 1,
43(b) Exemptions. Director, Bureau of Consumer Financial 2018. Because the Dodd-Frank Act also
Protection. requires similar adjustments in the
* * * * *
[FR Doc. 2017–24443 Filed 11–8–17; 8:45 am] Truth in Lending Act’s threshold for
Paragraph 43(b)(2)
BILLING CODE 4810–33–P 6210–01–P 4810–AM–P exempt consumer credit transactions,
* * * * * the Board and the Bureau are making
3. * * * similar amendments to each of their
v. From January 1, 2018, through December
respective regulations implementing the
31, 2018, the threshold amount is $26,000.
Truth in Lending Act elsewhere in this
* * * * * issue of the Federal Register.
BUREAU OF CONSUMER FINANCIAL DATES: This final rule is effective
nshattuck on DSK9F9SC42PROD with RULES
PROTECTION January 1, 2018.
Authority and Issuance FOR FURTHER INFORMATION CONTACT:
Board: Vivian W. Wong, Senior
For the reasons set forth in the Counsel, Division of Consumer and
preamble, the Bureau amends Community Affairs, Board of Governors
Regulation Z, 12 CFR part 1026, as set of the Federal Reserve System, at (202)
forth below: 452–3667; for users of
VerDate Sep<11>2014 13:39 Nov 08, 2017 Jkt 244001 PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 E:\FR\FM\09NOR1.SGM 09NOR1](https://thefederalregister.org/doc/82_FR_52191/page/1.svg)
![Federal Register / Vol. 82, No. 216 / Thursday, November 9, 2017 / Rules and Regulations 51977
opportunity for public comment are ix. From January 1, 2018 through December ACTION: Final rules, official
unnecessary. Therefore, the 31, 2018, the threshold amount is $55,800. interpretations and commentary.
amendments are adopted in final form. * * * * *
SUMMARY: The Board and the Bureau are
Regulatory Flexibility Act BUREAU OF CONSUMER FINANCIAL publishing final rules amending the
PROTECTION official interpretations and commentary
The Regulatory Flexibility Act (RFA)
does not apply to a rulemaking where a Authority and Issuance for the agencies’ regulations that
general notice of proposed rulemaking implement the Truth in Lending Act
For the reasons set forth in the
is not required.10 As noted previously, (TILA). The Dodd-Frank Wall Street
preamble, the Bureau amends
the agencies have determined that it is Reform and Consumer Protection Act
Regulation M, 12 CFR part 1013, as set
unnecessary to publish a general notice (Dodd-Frank Act) amended TILA by
forth below:
of proposed rulemaking for this joint requiring that the dollar threshold for
final rule. Accordingly, the RFA’s PART 1013—CONSUMER LEASING exempt consumer credit transactions be
requirements relating to an initial and (REGULATION M) adjusted annually by the annual
final regulatory flexibility analysis do percentage increase in the Consumer
not apply. ■ 3. The authority citation for part 1013 Price Index for Urban Wage Earners and
continues to read as follows: Clerical Workers (CPI–W). If there is no
Paperwork Reduction Act annual percentage increase in the CPI–
Authority: 15 U.S.C. 1604 and 1667f; Pub.
In accordance with the Paperwork L. 111–203 section 1100E, 124 Stat. 1376. W, the Board and the Bureau will not
Reduction Act of 1995,11 the agencies ■ 4. In Supplement I to part 1013, under adjust this exemption threshold from
reviewed this final rule. No collections Section 1013.2—Definitions, under the prior year. However, in years
of information pursuant to the 2(e)—Consumer Lease, paragraph 11.ix following a year in which the exemption
Paperwork Reduction Act are contained is added to read as follows: threshold was not adjusted, the
in the final rule. threshold is calculated by applying the
Supplement I to Part 1013—Official annual percentage change in the CPI–W
List of Subjects Interpretations to the dollar amount that would have
12 CFR Part 213 * * * * * resulted, after rounding, if the decreases
and any subsequent increases in the
Advertising, Consumer leasing, Section 1013.2—Definitions CPI–W had been taken into account.
Consumer protection, Federal Reserve * * * * * Based on the annual percentage increase
System, Reporting and recordkeeping
2(e) Consumer Lease in the CPI–W as of June 1, 2017, the
requirements.
* * * * * exemption threshold will increase from
12 CFR Part 1013 11. * * * $54,600 to $55,800 effective January 1,
Advertising, Consumer leasing, ix. From January 1, 2018 through December 2018. Because the Dodd-Frank Act also
31, 2018, the threshold amount is $55,800. requires similar adjustments in the
Reporting and recordkeeping
requirements, Truth in lending. * * * * * Consumer Leasing Act’s threshold for
By order of the Board of Governors of the exempt consumer leases, the Board and
BOARD OF GOVERNORS OF THE Federal Reserve System, acting through the the Bureau are making similar
FEDERAL RESERVE SYSTEM Secretary of the Board under delegated amendments to each of their respective
Authority and Issuance authority, November 2, 2017. regulations implementing the Consumer
Ann E. Misback, Leasing Act elsewhere in this issue of
For the reasons set forth in the Secretary of the Board. the Federal Register.
preamble, the Board amends Regulation DATES: This final rule is effective
Dated: September 7, 2017.
M, 12 CFR part 213, as set forth below: January 1, 2018.
Richard Cordray,
PART 213—CONSUMER LEASING Director, Bureau of Consumer Financial FOR FURTHER INFORMATION CONTACT:
(REGULATION M) Protection. Board: Vivian W. Wong, Senior
[FR Doc. 2017–24411 Filed 11–8–17; 8:45 am] Counsel, Division of Consumer and
■ 1. The authority citation for part 213 BILLING CODE 4810–AM–P 6210–01–P Community Affairs, Board of Governors
continues to read as follows: of the Federal Reserve System, at (202)
Authority: 15 U.S.C. 1604 and 1667f; Pub. 452–3667; for users of
L. 111–203 section 1100E, 124 Stat. 1376. FEDERAL RESERVE SYSTEM Telecommunications Device for the Deaf
(TDD) only, contact (202) 263–4869.
■ 2. In Supplement I to part 213, under 12 CFR Part 226 Bureau: Jaclyn Maier, Counsel, Office
Section 213.2—Definitions, under 2(e) of Regulations, Consumer Financial
Consumer Lease, paragraph 11.ix is [Docket No. R–1581]
Protection Bureau, at (202) 435–7700.
added to read as follows: RIN 7100 AE–88 SUPPLEMENTARY INFORMATION:
Supplement I to Part 213—Official Staff BUREAU OF CONSUMER FINANCIAL I. Background
Interpretations PROTECTION The Dodd-Frank Wall Street Reform
* * * * * and Consumer Protection Act of 2010
12 CFR Part 1026
Section 213.2—Definitions (Dodd-Frank Act) increased the
threshold in the Truth in Lending Act
nshattuck on DSK9F9SC42PROD with RULES
* * * * * [Docket No. CFPB–2017–0027]
2(e) Consumer Lease
(TILA) for exempt consumer credit
Truth in Lending (Regulation Z) transactions,1 and the threshold in the
* * * * *
11. * * * AGENCY: Board of Governors of the 1 Although consumer credit transactions above
Federal Reserve System (Board); and the threshold are generally exempt, loans secured
10 5 U.S.C. 603 and 604. Bureau of Consumer Financial by real property or by personal property used or
11 44 U.S.C. 3506; 5 CFR 1320. Protection (Bureau). Continued
VerDate Sep<11>2014 13:39 Nov 08, 2017 Jkt 244001 PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 E:\FR\FM\09NOR1.SGM 09NOR1](https://thefederalregister.org/doc/82_FR_52191/page/3.svg)
Document Created: 2018-10-25 10:29:50
Document Modified: 2018-10-25 10:29:50
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Final rules, official interpretations and commentary. | |
| Dates | This final rule is effective January 1, 2018. | |
| Contact | Board: Vivian W. Wong, Senior Counsel, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, at (202) 452-3667; for users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263- 4869. | |
| FR Citation | 82 FR 51975 | |
| RIN Number | 7100 AE86 | |
| CFR Citation | 12
CFR
1013 12 CFR 213 | |
| CFR Associated | Truth in Lending; Advertising; Consumer Leasing; Consumer Protection; Federal Reserve System and Reporting and Recordkeeping Requirements |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR