12 C.F.R. §1026.17 - General disclosure requirements
| Cite as | 12 C.F.R. §1026.17 |
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37 cases
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Jackson v. Wells Fargo Bank, N.A., 2:12cv1262
...notes omitted). Regulation Z provides that "[t]he disclosures shall reflect the terms of the legal obligations between the parties." 12 C.F.R. § 1026.17(c)(1). This requirement is applicable to closed-end transactions. Id. at § 1026.17. To accomplish this the creditor must among other thing......
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Consumer Fin. Prot. Bureau v. ITT Educ. Servs., Inc., 1:14–cv–00292–SEB–TAB.
...of a finance charge violated the Truth in Lending Act (TILA), 15 U.S.C. §§ 1601 et seq., and its implementing Regulation Z, 12 C.F.R. § 1026.17.ITT seeks dismissal on three broad grounds. First, it contends that the Bureau lacks standing to bring this suit because it is an unconstitutional ......
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Fed. Trade Comm'n v. AMG Servs., Inc.
...L.Ed.2d 566 (1998). These mandated terms must be disclosed “clearly and conspicuously” to borrowers before the credit is extended. 12 C.F.R. § 1026.17(a) -(c). Furthermore, TILA requires “absolute compliance by creditors.” Rubio v. Capital One Bank, 613 F.3d 1195, 1199 (9th Cir.2010) (citat......
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Fed. Trade Comm'n v. Amg Servs., Inc.
...L.Ed.2d 566 (1998). These mandated terms must be disclosed “clearly and conspicuously” to borrowers before the credit is extended. 12 C.F.R. § 1026.17(a)-(c). Furthermore, TILA requires “absolute compliance by creditors.” Rubio v. Capital One Bank, 613 F.3d 1195, 1199 (9th Cir.2010) (citati......
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4 firm's commentaries
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Can You Keep Up? Emergence of CFPB and Significant Developments Transform Consumer Finance Landscape
...insurance, require periodic statements and new adjustable rate disclosures for mortgages, and mandate certain operational reforms. See 12 C.F.R. § 1026.17, 1026.36. Consumer financial services litigators will likely see new allegations arising from consumer-facing requirements for mortgage ......
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Misrepresentation and Deception: Government Enforcement Agencies Ready to Litigate
...in violation of Section 121 and 128 of TILA (15 U.S.C. §§ 1631 and 1638), and Sections 1026.17 and 1026.18 of Regulation Z (12 C.F.R. §§ 1026.17 and The Court Order On May 22, 2020, the District Court of Nevada granted an emergency motion for temporary restraining order against all eleven d......
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FDIC Enters Into $20 Million Consent Order With Debt Settlement Entities
...Act (“FTC Act”), 15 U.S.C. § 45(a)(1); the Truth in Lending Act (“TILA”), 15 U.S.C. § 1601 et seq., implemented by Regulation Z, 12 C.F.R. § 1026.17(c); and the Electronic Fund Transfer Act (“EFTA”), 15 U.S.C. § 1693, implemented by Regulation E, 12 C.F.R. § 1005.10(e)(1). As part of the co......
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CFPB Released FAQs on TRID Rule and Construction Loans
...special disclosure provisions for construction-only and construction-permanent loans under the TRID Rule, contained in, among others, 12 CFR § 1026.17(c)(6), Appendix D, and § 1026.19(e)(3)(iv)(F). Section 1026.17(c)(6) allows a creditor to treat a construction-permanent loan as either one ......