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ecfr update: 2024-10-15
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wpears authored and github-actions[bot] committed Oct 17, 2024
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2 changes: 2 additions & 0 deletions ecfr/1013.txt
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Expand Up @@ -144,6 +144,8 @@ Appendix B to Part 1013 [Reserved]
Appendix C to Part 1013-Issuance of Official Interpretations
Interpretations of this part issued by officials of the Bureau provide the formal protection afforded under section 130(f) of the Act. Except in unusual circumstances, interpretations will not be issued separately but will be incorporated in an official commentary to Regulation M (Supplement I of this part), which will be amended periodically. No official interpretations will be issued approving a lessor's forms, statements, or calculation tools or methods.
Supplement I to Part 1013-Official Interpretations
Cross Reference
Link to an amendment published at 89 FR 82937, Oct. 15, 2024.
Introduction
1. Official status. The commentary in Supplement I is the vehicle by which the Bureau of Consumer Financial Protection issues official interpretations of Regulation M (12 CFR part 1013). Good faith compliance with this commentary affords protection from liability under section 130(f) of the Truth in Lending Act (15 U.S.C. 1640(f)). Section 130(f) protects lessors from civil liability for any act done or omitted in good faith in conformity with any interpretation issued by the Bureau.
2. Procedures for requesting interpretations. Under appendix C of Regulation M, anyone may request an official interpretation. Interpretations that are adopted will be incorporated in this commentary following publication in the Federal Register. No official interpretations are expected to be issued other than by means of this commentary.
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4 changes: 4 additions & 0 deletions ecfr/1026.txt
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Expand Up @@ -4750,6 +4750,10 @@ Appendix P to Part 1026 [Reserved]
Supplement I to Part 1026-Official Interpretations
Cross Reference
Link to an amendment published at 89 FR 64578, Aug. 7, 2024.
Cross Reference
Link to an amendment published at 89 FR 82934, Oct. 15, 2024.
Cross Reference
Link to an amendment published at 89 FR 82942, Oct. 15, 2024.
Introduction
1. Official status. This commentary is the vehicle by which the Bureau of Consumer Financial Protection issues official interpretations of Regulation Z. Good faith compliance with this commentary affords protection from liability under section 130(f) of the Truth in Lending Act. Section 130(f) (15 U.S.C. 1640) protects creditors from civil liability for any act done or omitted in good faith in conformity with any interpretation issued by a duly authorized official or employee of the Bureau of Consumer Financial Protection.
2. Procedure for requesting interpretations. Under appendix C of the regulation, anyone may request an official interpretation. Interpretations that are adopted will be incorporated in this commentary following publication in the Federal Register. No official interpretations are expected to be issued other than by means of this commentary.
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