U.S Code last checked for updates: Nov 22, 2024
All TitlesTitle 15Chapter 41Subchapter IPart B
§ 1632.
Form of disclosure; additional information
(a)
Information clearly and conspicuously disclosed; “annual percentage rate” and “finance charge”; order of disclosures and use of different terminology
(b)
Optional information by creditor or lessor
(c)
Tabular format required for certain disclosures under section 1637(c)
(1)
In general
The information described in paragraphs (1)(A), (3)(B)(i)(I), (4)(A), and (4)(C)(i)(I) of section 1637(c) of this title shall be—
(A)
disclosed in the form and manner which the Bureau shall prescribe by regulations; and
(B)
placed in a conspicuous and prominent location on or with any written application, solicitation, or other document or paper with respect to which such disclosure is required.
(2)
Tabular format
(A)
Form of table to be prescribed
In the regulations prescribed under paragraph (1)(A) of this subsection, the Bureau shall require that the disclosure of such information shall, to the extent the Bureau determines to be practicable and appropriate, be in the form of a table which—
(i)
contains clear and concise headings for each item of such information; and
(ii)
provides a clear and concise form for stating each item of information required to be disclosed under each such heading.
(B)
Bureau discretion in prescribing order and wording of table
In prescribing the form of the table under subparagraph (A), the Bureau may—
(i)
list the items required to be included in the table in a different order than the order in which such items are set forth in paragraph (1)(A) or (4)(A) of section 1637(c) of this title; and
(ii)
subject to subparagraph (C), employ terminology which is different than the terminology which is employed in section 1637(c) of this title if such terminology conveys substantially the same meaning.
(C)
Grace period
(d)
Additional electronic disclosures
(1)
Posting agreements
(2)
Creditor to provide contracts to the Bureau
(3)
Record repository
(4)
Exception
(5)
Regulations
(Pub. L. 90–321, title I, § 122, May 29, 1968, 82 Stat. 152; Pub. L. 93–495, title III, § 307(e), (f), Oct. 28, 1974, 88 Stat. 1516, 1517; Pub. L. 96–221, title VI, § 611, Mar. 31, 1980, 94 Stat. 175; Pub. L. 100–583, § 2(b), Nov. 3, 1988, 102 Stat. 2966; Pub. L. 100–709, § 2(d), Nov. 23, 1988, 102 Stat. 4731; Pub. L. 111–24, title II, § 204, May 22, 2009, 123 Stat. 1746; Pub. L. 111–203, title X, § 1100A(2), (3), July 21, 2010, 124 Stat. 2107.)
cite as: 15 USC 1632
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