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United States
12 CFR Part 1026 — Truth in Lending (Regulation Z)

12 CFR Part 1026 — Truth in Lending (Regulation Z)

In forceThis text since 1 Mar 2026law://us/cfr/12/1026@2026-11-11

Version in force onWhereUnited States

Contents

1026.1 Authority, purpose, coverage, organization, enforcement, and liability.
1026.10 Payments.
1026.11 Treatment of credit balances; account termination.
1026.12 Special credit card provisions.
1026.13 Billing error resolution.
1026.14 Determination of annual percentage rate.
1026.15 Right of rescission.
1026.16 Advertising.
1026.17 General disclosure requirements.
1026.18 Content of disclosures.
1026.19 Certain mortgage and variable-rate transactions.
1026.2 Definitions and rules of construction.
1026.20 Disclosure requirements regarding post-consummation events.
1026.21 Treatment of credit balances.
1026.22 Determination of annual percentage rate.
1026.23 Right of rescission.
1026.24 Advertising.
1026.25 Record retention.
1026.26 Use of annual percentage rate in oral disclosures.
1026.27 Language of disclosures.
1026.28 Effect on state laws.
1026.29 State exemptions.
1026.3 Exempt transactions.
1026.30 Limitation on rates.
1026.31 General rules.
1026.32 Requirements for high-cost mortgages.
1026.33 Requirements for reverse mortgages.
1026.34 Prohibited acts or practices in connection with high-cost mortgages.
1026.35 Requirements for higher-priced mortgage loans.
1026.36 Prohibited acts or practices and certain requirements for credit secured by a dwelling.
1026.37 Content of disclosures for certain mortgage transactions (Loan Estimate).
1026.38 Content of disclosures for certain mortgage transactions (Closing Disclosure).
1026.39 Mortgage transfer disclosures.
1026.4 Finance charge.
1026.40 Requirements for home equity plans.
1026.41 Periodic statements for residential mortgage loans.
1026.42 Valuation independence.
1026.43 Minimum standards for transactions secured by a dwelling.
1026.44-1026.45 -1026.45 [Reserved]
1026.46 Special disclosure requirements for private education loans.
1026.47 Content of disclosures.
1026.48 Limitations on private education loans.
1026.5 General disclosure requirements.
1026.51 Ability to Pay.
1026.52 Limitations on fees.
1026.53 Allocation of payments.
1026.54 Limitations on the imposition of finance charges.
1026.55 Limitations on increasing annual percentage rates, fees, and charges.
1026.56 Requirements for over-the-limit transactions.
1026.57 Reporting and marketing rules for college student open-end credit.
1026.58 Internet posting of credit card agreements.
1026.59 Reevaluation of rate increases.
1026.6 Account-opening disclosures.
1026.60 Credit and charge card applications and solicitations.
1026.61 Hybrid prepaid-credit cards.
1026.62 Overdraft credit.
1026.7 Periodic statement.
1026.8 Identifying transactions on periodic statements.
1026.9 Subsequent disclosure requirements.

Contents

1026.1 Authority, purpose, coverage, organization, enforcement, and liability.
1026.10 Payments.
1026.11 Treatment of credit balances; account termination.
1026.12 Special credit card provisions.
1026.13 Billing error resolution.
1026.14 Determination of annual percentage rate.
1026.15 Right of rescission.
1026.16 Advertising.
1026.17 General disclosure requirements.
1026.18 Content of disclosures.
1026.19 Certain mortgage and variable-rate transactions.
1026.2 Definitions and rules of construction.
1026.20 Disclosure requirements regarding post-consummation events.
1026.21 Treatment of credit balances.
1026.22 Determination of annual percentage rate.
1026.23 Right of rescission.
1026.24 Advertising.
1026.25 Record retention.
1026.26 Use of annual percentage rate in oral disclosures.
1026.27 Language of disclosures.
1026.28 Effect on state laws.
1026.29 State exemptions.
1026.3 Exempt transactions.
1026.30 Limitation on rates.
1026.31 General rules.
1026.32 Requirements for high-cost mortgages.
1026.33 Requirements for reverse mortgages.
1026.34 Prohibited acts or practices in connection with high-cost mortgages.
1026.35 Requirements for higher-priced mortgage loans.
1026.36 Prohibited acts or practices and certain requirements for credit secured by a dwelling.
1026.37 Content of disclosures for certain mortgage transactions (Loan Estimate).
1026.38 Content of disclosures for certain mortgage transactions (Closing Disclosure).
1026.39 Mortgage transfer disclosures.
1026.4 Finance charge.
1026.40 Requirements for home equity plans.
1026.41 Periodic statements for residential mortgage loans.
1026.42 Valuation independence.
1026.43 Minimum standards for transactions secured by a dwelling.
1026.44-1026.45 -1026.45 [Reserved]
1026.46 Special disclosure requirements for private education loans.
1026.47 Content of disclosures.
1026.48 Limitations on private education loans.
1026.5 General disclosure requirements.
1026.51 Ability to Pay.
1026.52 Limitations on fees.
1026.53 Allocation of payments.
1026.54 Limitations on the imposition of finance charges.
1026.55 Limitations on increasing annual percentage rates, fees, and charges.
1026.56 Requirements for over-the-limit transactions.
1026.57 Reporting and marketing rules for college student open-end credit.
1026.58 Internet posting of credit card agreements.
1026.59 Reevaluation of rate increases.
1026.6 Account-opening disclosures.
1026.60 Credit and charge card applications and solicitations.
1026.61 Hybrid prepaid-credit cards.
1026.62 Overdraft credit.
1026.7 Periodic statement.
1026.8 Identifying transactions on periodic statements.
1026.9 Subsequent disclosure requirements.

Contents

2,684 provisions, too many to show on one page. Open a part or section to read it with its history and connections, or search inside the text.

1026.1 · Authority, purpose, coverage, organization, enforcement, and liability.
1026.10 · Payments.
1026.11 · Treatment of credit balances; account termination.
1026.12 · Special credit card provisions.
1026.13 · Billing error resolution.
1026.14 · Determination of annual percentage rate.
1026.15 · Right of rescission.
1026.16 · Advertising.
1026.17 · General disclosure requirements.
1026.18 · Content of disclosures.
1026.19 · Certain mortgage and variable-rate transactions.
1026.2 · Definitions and rules of construction.
1026.20 · Disclosure requirements regarding post-consummation events.
1026.21 · Treatment of credit balances.
1026.22 · Determination of annual percentage rate.
1026.23 · Right of rescission.
1026.24 · Advertising.
1026.25 · Record retention.
1026.26 · Use of annual percentage rate in oral disclosures.
1026.27 · Language of disclosures.
1026.28 · Effect on state laws.
1026.29 · State exemptions.
1026.3 · Exempt transactions.
1026.30 · Limitation on rates.
1026.31 · General rules.
1026.32 · Requirements for high-cost mortgages.
1026.33 · Requirements for reverse mortgages.
1026.34 · Prohibited acts or practices in connection with high-cost mortgages.
1026.35 · Requirements for higher-priced mortgage loans.
1026.36 · Prohibited acts or practices and certain requirements for credit secured by a dwelling.
1026.37 · Content of disclosures for certain mortgage transactions (Loan Estimate).
1026.38 · Content of disclosures for certain mortgage transactions (Closing Disclosure).
1026.39 · Mortgage transfer disclosures.
1026.4 · Finance charge.
1026.40 · Requirements for home equity plans.
1026.41 · Periodic statements for residential mortgage loans.
1026.42 · Valuation independence.
1026.43 · Minimum standards for transactions secured by a dwelling.
1026.44-1026.45 · -1026.45 [Reserved]
1026.46 · Special disclosure requirements for private education loans.
1026.47 · Content of disclosures.
1026.48 · Limitations on private education loans.
1026.5 · General disclosure requirements.
1026.51 · Ability to Pay.
1026.52 · Limitations on fees.
1026.53 · Allocation of payments.
1026.54 · Limitations on the imposition of finance charges.
1026.55 · Limitations on increasing annual percentage rates, fees, and charges.
1026.56 · Requirements for over-the-limit transactions.
1026.57 · Reporting and marketing rules for college student open-end credit.
1026.58 · Internet posting of credit card agreements.
1026.59 · Reevaluation of rate increases.
1026.6 · Account-opening disclosures.
1026.60 · Credit and charge card applications and solicitations.
1026.61 · Hybrid prepaid-credit cards.
1026.62 · Overdraft credit.
1026.7 · Periodic statement.
1026.8 · Identifying transactions on periodic statements.
1026.9 · Subsequent disclosure requirements.

United States Government work; public domain under 17 U.S.C. § 105.

Key facts

Type: CFR part · 12 CFR Part 1026
Made by: Chapter X—Consumer Financial Protection Bureau

Topics

Banks and Banking

History · 37 versions

1 Mar 2026Reading
1 Oct 2025
10 Jan 2025
30 Dec 2024
7 Aug 2024
8 Jul 2024
14 May 2024
15 Mar 2024

Show all 37 versions What changed on 1 Mar 2026

Defined terms · 55

Show every defined term

adjustable-rate mortgage
means a transaction secured by real property or a dwelling for which the annual percentage rate may increase after consummation.
amortizing loan
means a loan in which payment of the periodic payments does not result in an increase in the principal balance under the terms of the legal obligation;
appraisal management company
means any person authorized to perform one or more of the following actions on behalf of the creditor:
appraisal services
means the services required to perform an appraisal, including defining the scope of work, inspecting the property, reviewing necessary and appropriate public and private data sources (for example, multiple listing services, tax assessment records and public land records), developing and rendering an opinion of value, and preparing and submitting the appraisal report.
associated nonprofit entities
means nonprofit entities that by agreement operate using a common name, trademark, or servicemark to further and support a common charitable mission or purpose.
Average prime offer rate
means an annual percentage rate that is derived from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for mortgage transactions that have low-risk pricing characteristics.
balloon payment
means a payment that is more than two times a regular periodic payment.
business day
means a day on which the creditor's offices are open to the public for carrying on substantially all of its business functions.
changed circumstance
means:
compensation
includes salaries, commissions, and any financial or similar incentive.
covered person
means any person, as defined in § 1026.2(a)(22), that becomes the owner of an existing mortgage loan by acquiring legal title to the debt obligation, whether through a purchase, assignment or other transfer, and who acquires more than one mortgage loan in any twelve-month period.
Covered transaction
means an extension of consumer credit that is or will be secured by the consumer's principal dwelling, as defined in § 1026.2(a)(19).
credit card agreement
means the written document or documents evidencing the terms of the legal obligation, or the prospective legal obligation, between a card issuer and a consumer for a credit card account under an open-end (not home-secured) consumer credit plan.
credit terms
includes rates, fees, and other costs.
creditor
includes a third party that collects, receives, or processes payments on behalf of a creditor.
Deferred interest
means finance charges, accrued on balances or transactions, that a consumer is not obligated to pay or that will be waived or refunded to a consumer if those balances or transactions are paid in full by a specified date.
depository institution
has the meaning in section 1503(3) of the SAFE Act, 12 U.S.C. 5102(3).
designated tax-advantaged plan
means any plan that meets the requirements of Internal Revenue Code section 401(a), 26 U.S.C. 401(a);
escrow account
has the same meaning as under Regulation X (12 CFR 1024.17(b)), as amended.
fee appraiser
means:
first-time borrower
means a consumer who has not previously received a closed-end credit transaction or open-end credit plan secured by a dwelling.
fixed-rate mortgage
means a transaction secured by real property or a dwelling that is not an adjustable-rate mortgage or a step-rate mortgage.
fully-indexed rate
means the interest rate calculated using the index value and margin at the time of consummation.
grace period
has the same meaning as in § 1026.5(b)(2)(ii)(B)(3).
Higher-priced mortgage loan
means a closed-end consumer credit transaction secured by the consumer's principal dwelling with an annual percentage rate that exceeds the average prime offer rate for a comparable transaction as of the date the interest rate is set:
Insured credit union
has the meaning given in Section 101 of the Federal Credit Union Act (12 U.S.C. 1752).
Insured depository institution
has the meaning given in Section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
interest-only
means that, under the terms of the legal obligation, one or more of the periodic payments may be applied solely to accrued interest and not to loan principal;
issuer
means the entity to which a consumer is legally obligated, or would be legally obligated, under the terms of a credit card agreement.
loan originator
means a person who, in expectation of direct or indirect compensation or other monetary gain or for direct or indirect compensation or other monetary gain, performs any of the following activities: takes an application, offers, arranges, assists a consumer in obtaining or applying to obtain, negotiates, or otherwise obtains or makes an extension of consumer credit for another person;
mortgage loan
means:
Negative amortization
means a payment schedule with regular periodic payments that cause the principal balance to increase.
negative amortization loan
means a loan, other than a reverse mortgage subject to § 1026.33, that provides for a minimum periodic payment that covers only a portion of the accrued interest, resulting in negative amortization.
next business day
means the next day on which the creditor accepts or receives payments by mail.
nonprofit entity
means an entity having a tax exemption ruling or determination letter from the Internal Revenue Service under section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C. 501(c)(3);
over-the-limit transaction
means any extension of credit by a card issuer to complete a transaction that causes a consumer's credit card account balance to exceed the credit limit.
periodically
means no more frequently than once per calendar month, such as on a monthly due date disclosed on the applicable periodic statement in accordance with the requirements of § 1026.7(b)(11)(i)(A) or on an earlier date in each calendar month in accordance with a written authorization signed by the consumer.
prepayment penalty
means a charge imposed for paying all or part of a transaction's principal before the date on which the principal is due, other than a waived, bona fide third-party charge that the creditor imposes if the consumer prepays all of the transaction's principal sooner than 36 months after consummation.
previous year
means a period that encompasses, at the very large financial institution's option, any of the following periods:
pricing information
means the information listed in § 1026.6(b)(2)(i) through (b)(2)(xii).
private label credit card account
means a credit card account under an open-end (not home-secured) consumer credit plan with a credit card that can be used to make purchases only at a single merchant or an affiliated group of merchants;
private label credit card plan
means all of the private label credit card accounts issued by a particular issuer with credit cards usable at the same single merchant or affiliated group of merchants.
promotional payment
means:
promotional period
means a period of time, less than the full term of the loan, that the promotional rate or promotional payment may be applicable.
promotional rate
means, in a variable-rate plan, any annual percentage rate that is not based on the index and margin that will be used to make rate adjustments under the plan, if that rate is less than a reasonably current annual percentage rate that would be in effect under the index and margin that will be used to make rate adjustments under the plan.
protected balance
means the amount owed for a category of transactions to which an increased annual percentage rate or an increased fee or charge required to be disclosed under § 1026.6(b)(2)(ii), (b)(2)(iii), or (b)(2)(xii) cannot be applied after the annual percentage rate, fee, or charge for that category of transactions has been increased pursuant to paragraph (b)(3) of this section.
servicer
has the same meaning as under 12 CFR 1024.2(b).
specified terms and conditions
means the terms and conditions required to be disclosed under § 1026.6(b), any repayment terms and conditions, and the limits on liability for unauthorized credit transactions.
state agency
means “state appraiser certifying and licensing agency” under 12 U.S.C. 3350(1) and any implementing regulations.
step-rate mortgage
means a transaction secured by real property or a dwelling for which the interest rate will change after consummation, and the rates that will apply and the periods for which they will apply are known at consummation.
subsidiary
has the meaning in section 3 of the Federal Deposit Insurance Act, 12 U.S.C. 1813.
type of transaction
refers to whether:
unauthorized use
means the use of a credit card by a person, other than the cardholder, who does not have actual, implied, or apparent authority for such use, and from which the cardholder receives no benefit.
Valuation
means an estimate of the value of the consumer's principal dwelling in written or electronic form, other than one produced solely by an automated model or system.
Valuation management functions
means:

us/cfr/12/1026