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Other links at Money Management > Credit > Laws and Regulations
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For purposes of this part—
The term “consumer lease” means a contract in the form of a lease or bailment for the use of personal property by a natural person for a period of time exceeding four months, and for a total contractual obligation not exceeding $25,000, primarily for
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The complete text (as amended October 2001) of the law governing credit reporting.
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THE FAIR CREDIT REPORTING ACT
As a public service, the staff of the
Federal Trade Commission (FTC) has prepared the following complete text of
the Fair Credit Reporting Act (FCRA), 15 U.S.C. ยง 1681 et seq. Although
staff generally followed the format of the U.S. Code as published by the
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§ 1639. Requirements for certain mortgages
In addition to other disclosures required under this subchapter, for each mortgage referred to in section
of this title, the creditor shall provide the following disclosures in conspicuous type size:
“You are not required to complete this
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