12 USC 5532 - Disclosures

U.S Code last checked for updates: Nov 26, 2024

§ 5532.

Disclosures

(a)

In general

(b)

Model disclosures

(1)

In general

(2)

Format

A model form issued pursuant to paragraph (1) shall contain a clear and conspicuous disclosure that, at a minimum—

(A)

uses plain language comprehensible to consumers;

(B)

contains a clear format and design, such as an easily readable type font; and

(C)

succinctly explains the information that must be communicated to the consumer.

(3)

Consumer testing

(c)

Basis for rulemaking

(d)

Safe harbor

(e)

Trial disclosure programs

(1)

In general

(2)

Safe harbor

(3)

Public disclosure

(f)

Combined mortgage loan disclosure

(Pub. L. 111–203, title X, § 1032, July 21, 2010, 124 Stat. 2006.)

cite as: 12 USC 5532