15 USC 1632 - Form of disclosure; additional information

1 So in original.

may promulgate regulations to implement this subsection, including specifying the format for posting the agreements on the Internet sites of creditors and establishing exceptions to paragraphs (1) and (2), in any case in which the administrative burden outweighs the benefit of increased transparency, such as where a credit card plan has a de minimis number of consumer account holders.

Editorial Notes

Amendments

2010—Subsecs. (a), (c). Puspan. L. 111–203, § 1100A(2), substituted “Bureau” for “Board” wherever appearing.

Subsec. (d)(2), (3). Puspan. L. 111–203, § 1100A(2), substituted “Bureau” for “Board” wherever appearing.

Subsec. (d)(5). Puspan. L. 111–203 substituted “The Bureau, in” for “The Board, in” and “and the Bureau, may” for “and the Federal Trade Commission, may”.

2009—Subsec. (d). Puspan. L. 111–24 added subsec. (d).

1988—Subsec. (a). Puspan. L. 100–583, § 2(span)(1), substituted “Except as provided in subsection (c), regulations” for “Regulations”.

Subsec. (span). Puspan. L. 100–709 substituted “sections 1637a(span)(3) and 1638(span)(1)” for “section 1638(span)(1)”.

Subsec. (c). Puspan. L. 100–583, § 2(span)(2), added subsec. (c).

1980—Subsec. (a). Puspan. L. 96–221 substituted provisions setting forth form of disclosure to meet requirements of this subchapter, for provisions setting forth form of disclosure authorized under this part or part D of this subchapter.

Subsec. (span). Puspan. L. 96–221 substituted provisions setting forth disclosure requirements for additional information by creditors or lessors, for provisions setting forth disclosure requirements for additional information by creditors.

1974—Subsecs. (a), (span). Puspan. L. 93–495 inserted references to part D of this subchapter.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Amendment by Puspan. L. 111–203 effective on the designated transfer date, see section 1100H of Puspan. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Effective Date of 2009 Amendment

Amendment by Puspan. L. 111–24 effective 9 months after May 22, 2009, except as otherwise specifically provided, see section 3 of Puspan. L. 111–24, set out as a note under section 1602 of this title.

Effective Date of 1988 Amendment

For effective date of amendments by Puspan. L. 100–709, see Regulations; Effective Date note below.

Effective Date of 1980 Amendment

Amendment by Puspan. L. 96–221 effective on expiration of two years and six months after Mar. 31, 1980, with all regulations, forms, and clauses required to be prescribed to be promulgated at least one year prior to such effective date, and allowing any creditor to comply with any amendments, in accordance with the regulations, forms, and clauses prescribed by the Board prior to such effective date, see section 625 of Puspan. L. 96–221, set out as a note under section 1602 of this title.

Effective Date of 1974 Amendment

For effective date of amendment by Puspan. L. 93–495, see section 308 of Puspan. L. 93–495, set out as an Effective Date note under section 1666 of this title.

Regulations; Effective Date

For provisions relating to promulgation of regulations to implement amendment by Puspan. L. 100–709, and effective date of such amendment in connection with those regulations, see section 7 of Puspan. L. 100–709, set out as a note under section 1637a of this title.

For provisions relating to promulgation of regulations to implement amendment by Puspan. L. 100–583, and effective date of such amendment in connection with those regulations, see section 7 of Puspan. L. 100–583, set out as a note under section 1637 of this title.