Time deposits
Advertising—See Truth in savings, at Time accounts.
Agreement
corporations, promissory notes issued by,
2-136Annuity contracts, nonpersonal time deposits;
reserve requirements,
2-340.11Balance over $100,000, current; reporting,
2-306.2Bank assets and liabilities, transfer,
2-343.11Bearer certificates
of deposit, estimate as personal or nonpersonal by reasonable sampling
techniques,
2-303.6Beneficiaries
of estate
Natural persons, determination as,
2-303.9 et seq.
Personal
or nonpersonal deposits depending on,
2-303.1Capital-equivalency deposit agreements, nonpersonal
time deposits; reserve requirements,
2-340.1Cash management arrangement to be evidenced
by prior written agreement,
2-306.5Central banks, foreign; deposits of designated banks
exempt,
2-280Certificates
of deposit—See Certificates
of deposit.
Club accounts
Disclosures—See Truth in savings, at Time accounts.
Reserves—See Reserve requirements, at Club
accounts.
Collateral, time deposits as—See Loans secured by deposits, this
heading.
See also Truth in
savings, at Time accounts.
Convent, deposits considered nonpersonal,
2-303.2Current balance over $100,000, reporting,
2-306.2Death of owner or
depositor, early withdrawal—See Early withdrawal of time deposits.
Definitions
Reserve requirements,
as to,
2-135 et seq.
International
banking facilities, as to,
2-206.1Deposit instrument,
replacement issued; not to constitute early withdrawal,
2-301.3Deposit insurance requirements
Disclosures
See also Truth
in savings.
Early withdrawal—See Early withdrawal of time deposits.
Nontransferability legend on disclosure statement,
2-300.8Early withdrawal—See Early withdrawal of time deposits.
Earnest money deposits in escrow, determination
as personal or nonpersonal,
2-304.8Edge corporation, promissory notes issued by,
2-136Earnest money deposits
as personal or nonpersonal,
2-304.8Landlord security deposits as personal or nonpersonal,
2-304.8Mortgage accounts
as personal or nonpersonal,
2-304.6Tenant security deposits as time deposits,
2-303.7Estates
Beneficiaries,
determination as natural persons,
2-303.9 et
seq.
Deposits personal or nonpersonal depending
upon beneficiaries,
2-303.1Foreign bank, promissory notes issued by,
2-136Foreign entities, deposits exempt from reserve
requirements,
2-280Government
unit time deposits, reserve requirements,
2-340Holiday club accounts—See Reserve requirements.
Indian tribe deposits as nonpersonal,
2-303.8Interest on deposits
Advertising and disclosures—See Truth in savings.
Interest
or dividends
Member banks, paid by; advertisement,
1-176International banking
facilities
Reserve requirements, time deposits
held by non–U.S. residents,
2-335International entities, deposits exempt from reserve requirements,
2-280Joint ownership, transferability;
reserve requirements,
2-343.14Landlord security deposits, determination as personal or nonpersonal,
2-304.8Litigation, funds
held pending; determination as personal,
2-304.9Loan participations, mortgage; reservable
under Regulation D,
2-305Loans secured by deposits
Early withdrawal to
repay; evasion of reserve requirements,
2-343.19Member banks
Interest payments on, advertisement,
1-176Reserve ratios, calculation for member
banks involved in mergers,
2-305.8Mergers, reserve ratios for member banks involved in,
2-305.8Monastery, deposits
considered nonpersonal,
2-303.2Money market deposit certificates, nonnegotiability and
nontransferability,
2-301.2Mortgage
Escrow accounts as personal or nonpersonal,
2-304.6Pass-through securities
and loan participations reservable under Regulation D,
2-305Name change not to constitute early
withdrawal,
2-301.3Natural
persons
Beneficiaries of estate, determination
as,
2-303.9 et seq.
Estate,
beneficiaries of; determination as,
2-303.9 et
seq.
Written representation to effect,
2-304.3``Nonassignable,'' in
place of ``nontransferable,''
2-300.6Nonnegotiability
Money market certificates,
6-month,
2-301.2``Nonnegotiable''
in place of ``nontransferable,''
2-300.6Nonpersonal
Annuity contracts, reserve
requirements,
2-340.11Bearer
certificates of deposit, estimate by reasonable sampling techniques,
2-303.6Capital equivalency
deposit agreements, reserve requirements,
2-340.1Certificates of deposit, bearer; estimated
by reasonable sampling techniques,
2-303.6Corporation, personal; deposits to be considered
nonpersonal,
2-303Earnest money deposits, determination,
2-304.8Escrow accounts
Earnest money deposits, determination,
2-304.8Landlord security deposits, determination,
2-304.8Estate, deposits of;
depending on beneficiaries,
2-303.1Government units, of; reserve requirements,
2-340Landlord security deposits, determination,
2-304.8Pension plan deposits, classification as,
2-303.3Personal corporation, deposits considered nonpersonal,
2-303Profit-sharing plan
deposits, classification as,
2-303.3Promissory note, represented by,
2-145Reserve requirements
Capital
equivalency deposit agreements,
2-340.1Government units, deposits of,
2-340Reserves
maintained against by depository institutions,
1-168.1;
2-214Nontransferability
Legend—See Tranferability, this heading.
One percent spread, loan secured by time deposit,
2-343.19Ownership determined
by state law,
2-343.13Passbook savings accounts, nontransferability legend,
2-300.4Pass-through securities, reservable
under Regulation D,
2-305Penalty for early withdrawal—See Early withdrawal of time deposits.
Pension plan deposits, personal or nonpersonal depending
on terms of plan,
2-303.3Periodic statement, nontransferability legend on,
2-300.9Personal
Bearer
certificates of deposit, estimate by reasonable sampling techniques,
2-303.6Certificates of
deposit, bearer; estimated by reasonable sampling techniques,
2-303.6Earnest money deposits,
determination,
2-304.8Escrow
Earnest money deposits,
determination,
2-304.8Landlord
security deposits, determination,
2-304.8Estates, deposits of; personal or nonpersonal depending
on beneficiaries,
2-303.1Landlord security deposits, determination,
2-304.8Litigation, funds held pending; determination,
2-304.9Nontransferability
legend on,
2-300.7Pension
plan deposits, if nontransferable,
2-303.3Profit-sharing plan deposits, if nontransferable,
2-303.3Tenant security
deposits as,
2-303.7Personal
corporation, deposits considered nonpersonal,
2-303Personal passbook savings deposits,
2-302.9Profit-sharing plan deposits,
personal or nonpersonal depending on terms of plan,
2-303.3Promissory notes
Agreement corporation issues,
2-136Edge corporation issues,
2-136Foreign bank issues,
2-136Religious order, deposits of considered
nonpersonal,
2-303.2Reporting current balance over
$100,000,
2-306.2Reserve
requirements
See also this heading
generally.
Evasion of, early withdrawal—See Early withdrawal of time deposits.
Rollover after October 1, 1980, nontransferability legend,
2-300.5Savings accounts,
passbook; nontransferability legend,
2-300.4Savings deposits, passbook; personal and nonpersonal,
2-302.9Secondary-market
purchases by depository institutions and affiliates, evasion of reserve
requirements,
2-280.1Security,
as—See Loans secured by deposits, this heading.
Short-term,
notice of change in terms,
6-6919Supranational entities, deposits exempt from reserve requirements,
2-280Tenant security deposits
as personal deposits,
2-303.7Totten trusts
Transaction
account, linked to; evasion of reserve requirements,
2-287Transferability
Application,
2-300 et seq.
Deposit instrument, replacement issued; not to constitute
early withdrawal,
2-301.3Disclosure statement, legend on,
2-300.8IRAs in name of partnership excluded from reserve
requirements,
2-303.5Keogh
account in name of partnership excluded from reserve requirements,
2-303.5NOW accounts,
necessity for,
2-300.3Rollover after October 1, 1980,
2-300.5Money market certificates, 6-month,
2-301.2Name change not
to constitute early withdrawal,
2-301.3Notification of customers with outstanding accounts,
2-300.2Not transferable
Legend—See Legend, this subheading.
NOW accounts, necessity for legend on,
2-300.3Passbook savings accounts,
legend on,
2-300.4Personal
time deposit, legend on,
2-300.7Rollover after October 1, 1980, legend on,
2-300.5Transfers, cash management arrangement
to be evidenced by prior written agreement,
2-306.5Trust accounts, personal or nonpersonal,
2-304.2Trust funds, deposit
of in zero-interest time deposit accounts,
3-1597Uniform application of reserve requirements
to nonpersonal time deposits,
1-168.1;
2-216Vacation clubs—See Reserve requirements, at Club accounts.
Written
representation that beneficial interest is for natural persons,
2-304.3Zero-interest-rate deposits
Early withdrawal; interest on deposits,
2-343.17Trust funds deposited
in time-deposit open accounts,
3-1597Treasury, U.S.—See United States, at Treasury.
Truth in lending
Account
Adjustment for prompt crediting of payments,
6-725;
6-5725Activity charges
Add-on rate transactions, single; closed-end credit, annual
percentage rate,
6-886;
6-5886Adjustable-rate loans—See Variable rates, this heading.
Media, nonliability
of,
6-1107Home-equity plans—See Home-equity plans.
Outstanding balance,
table or schedule if credit terms depend on,
6-1173.6;
6-6173.6Oral disclosures,
use of annual percentage rate in,
6-1108Agricultural products and purposes defined as to,
6-1038Charts for computations,
6-1051Closed-end credit
Refinancing, subsequent disclosure requirements, rate
reduction,
6-1177.6;
6-6177.6Tolerances for calculations,
6-1051Calculation tools, faulty; good faith reliance on,
6-1172;
6-6172Quotient
methods, calculations when daily periodic rate applies
6-1172.3;
6-6172.3Tables for computations,
6-1051Assignees
Policy
Attorney general, reports by,
6-1069Automated teller machines—See Automated teller machines.
Balance-computation methods
Credit
and charge card applications and solicitations—See Credit and charge cards.
Balances, ranges of
Balloon payments
Home-equity plans—See Home-equity plans.
Credit reports,
regulation,
6-1113Cycle
Error
resolution,
6-1109 et seq.
Credit cards—See Credit and charge cards, at Billing-error resolution.
Rights, statement of
See also Credit and charge cards.
See
also Credit and charge cards.
Cash
discounts
Credit cards, use with,
6-1118Catalogs
Home-equity plans—See Home-equity plans.
Chapter 4 determination, who may receive; inconsistent disclosure
requirements,
6-1180.9;
6-6180.9Charge cards—See Credit and charge cards.
Charges—See Fees, this
heading.
Civil liability,
6-1086 et seq.
State exemptions from disclosure requirements,
6-970;
6-5970Clauses, model—See Forms, at Truth in lending.
Clear-and-conspicuous standard,
6-1072Collateral—See Security
interests, this heading.
Construction and permanent financing
disclosed as one transaction,
6-989;
6-5989Construction period
disclosed separately,
6-988;
6-5988Consumer
High income or assets, waiver for,
6-1043.2Multiple
Consumer credit—See also Consumer credit.
Dwelling,
secured by—See Home-equity
plans.
Plans—See Credit plans, this heading.
Consumer leasing—See Consumer leasing.
Consummation
Converting
open-end to closed-end credit, disclosure,
6-1174;
6-6174Copy of credit
document, identification of transaction,
6-699;
6-5699Correction of credit
billing errors,
6-1109 et seq.
Corrective-action period,
6-1160Counterfeit credit cards, use,
6-1098 et seq.
Credit balance refunds—See Refunds, this heading.
Credit cards—See Credit and charge cards.
Credit feature, additional; subsequent disclosure requirements,
6-1168.5;
6-6168.5Credit insurance—See Insurance, this heading.
Credit life insurance
Creditor
Credit program administered, insured, or guaranteed by
United States; participation in,
6-1068Disclosure errors by, notification of and adjustment,
6-1055 et seq.
Multiple
Credit plans
Closed-end—See Closed-end credit, this heading.
Open-end—See Open-end credit, this heading.
Other than
open-end, advertising,
6-1106Credit programs administered, insured, or guaranteed by United States;
creditors participating,
6-1068Credit reports
Credit sale
Criminal liability
for violation,
6-1066Cross-collateralization
clauses—See Spreader clauses, this heading.
Deferred billing and payment
Deposits
Earnings on, exclusion as security interest charge; prohibited
offsets,
6-1165.3;
6-6165.3Required
Disclosures—See also specific types of loans, loan features, and
items to be disclosed, this heading.
Electronic—See Electronic communication, this heading.
Errors by
creditor
Notification
of creditors,
6-1055Material
Oral—See Oral disclosures, this heading.
Subsequent occurrences, effect of,
6-1074Timing of
Discount
and premium rates
Variable-rate
transactions—See Variable rates, this heading.
Downpayment
Dragnet clauses—See Spreader clauses, this heading.
See also Mortgages, this heading; Home-equity plans.
Finance charges, accuracy of disclosures,
6-1048.1Refinancing or consolidation,
class-action, moratorium,
6-1092.1Variable-rate loans—See Variable
rates, this heading.
Electronic communication
Advertisements—See Advertising, this heading.
Rescission, right of
Errors
Billing—See Billing, this heading.
Disclosure—See Disclosures, this heading.
Escrow
Estimates
Permissible
if exact information unknown,
6-1071Exemptions,
state—See State law, this heading.
Rental property
Fair credit billing provisions, rules for;
inconsistent disclosure requirements,
6-1180.9;
6-6180.9Fees
Credit and charge cards—See Credit and charge cards.
Finance charges, as—See specific types of fees, at Finance charges, this heading.
Finder's—See Finder's fees, this heading.
Home-equity plans—See Home-equity plans.
Late-payment—See Late-payment fees, this heading.
Real estate settlement, fees
for preparation of truth in lending and uniform settlement statements
prohibited,
6-1362;
6-1398Fictitious credit cards, use,
6-1098 et seq.
Accrual
Credit reports, inclusion,
6-1048Disclosure
Interest
Multiple balances
disclosed, use of one balance-computation method,
6-1167.5;
6-6167.5Prepaid
Rate of,
advertising as to closed-end credit,
6-911;
6-5911Finder's fees
Fixed charges as terms requiring additional disclosures,
advertising,
6-1173.5;
6-6173.5Foreclosure on principal dwelling, rescission rights—See Dwelling, security interest in, this heading.
Forms, model—See Forms, at Truth in lending.
Governmental agencies, effect of
Truth in Lending Act on,
6-1067Graduated-payment transactions, disclosure; adjustable-rate
mortgages,
6-1174.33;
6-6174.33Home-equity plans—See Home-equity plans.
Facsimile documents not considered actual copies,
6-1168;
6-6168 Promotional material, transactions resulting from,
6-1168;
6-6168Installment
Credit insurance
Credit life
insurance—See Credit life insurance, this heading.
Mail or telephone orders,
6-1175Mortgage
Premiums—See Finance
charges, this heading.
Property insurance, home-equity plans
Interest
Interest rate—See also Annual percentage rate; Periodic rates, this heading.
Variable—See Variable rates, this heading.
Land trusts
Late-payment fees
Leasing, consumer—See Consumer leasing.
Legal obligation, basis of disclosures and use of estimates
Liability
Civil—See Civil liability, this heading.
Credit cardholder, for unauthorized
use,
6-1170 et seq.;
6-6170 et seq.
See also Credit and charge cards, at Unauthorized use.
Criminal, for violation
of Truth in Lending Act,
6-1066Media, nonliability
for advertising,
6-1107State exemptions from disclosure
requirements, civil liability,
6-970;
6-5970Life insurance, credit—See Credit life insurance, this
heading.
Media, nonliability for advertising,
6-1107Minimum charges as terms
requiring additional disclosures, advertising,
6-1173.5;
6-6173.5Mortgages
Adjustable-rate—See Variable rates, this heading.
Reverse mortgages—See Home-equity plans.
Construction loans, multiple-advance—See Construction loans, this heading.
Insurance, mortgage
Preparation fees
excluded from finance charges,
6-647;
6-5647Renegotiable-rate—See Variable rates, this heading.
See also this subheading generally.
Variable-rate—See Variable rates, this heading.
See also Home-equity plans.
Second—See Home-equity plans.
Spreader clauses—See Spreader clauses, this heading.
Variable-rate—See Variable rates, this heading.
Multiple-advance construction
loans—See Construction loans, multiple-advance, this heading.
Multiple balances
disclosed, use of one balance-computation method explanation,
6-1167.5;
6-6167.5Multiple creditors or consumers,
6-1070Multiple-page
advertisements
Notary
fees excluded from finance charges,
6-647;
6-5647Notice
Adequate, defined as to,
6-1035Home-equity plans—See Home-equity plans.
Disclosure, public notice of determination;
effect on state law,
6-982;
6-5982Notification of returns, prompt,
6-1117Credit cards—See Credit and charge cards.
Dwelling, secured
by—See Dwelling, security interest in, this heading.
Termination by creditor
Finance charges, termination for not incurring
prohibited,
6-1081.53Oral disclosures
Annual percentage rate,
use in
Overdrafts—See Overdrafts.
Payments
Allocation
Late
Minimum required,
warnings about making,
6-1081.01 et seq.
Total
Percentage rate, annual—See Annual percentage rate, this heading.
Period billing, length,
6-1114Daily
Finance charge
Itemization of types of finance charges and different
periodic rates,
6-1167.5;
6-6167.5Balance
Electronic receipt of—See Electronic
communication, this heading.
Accrued, allocated from payments; previous
balance,
6-1167;
6-6167Multifeatured
plans
Transactions
Predatory
lending—See Home-equity
plans, at High-cost plans and at Reverse mortgages.
Preferred-rate loans—See Variable rates, this heading.
Premium rates—See Discount and premium rates, this heading.
Premiums
Insurance—See Finance charges, this heading.
Prepayment
Price
Regular
Real estate
Fees for preparation of truth in lending and uniform settlement
statements for settlement prohibited,
6-1362;
6-1398Security, as; accuracy
of finance-charge disclosures,
6-1048.1Title fees excluded from finance charges,
6-647;
6-5647Redisclosures, basis
of disclosures and use of estimates for open-end credit,
6-1165.8;
6-6165.8Refinancings
Refunds
Regular price
See also Regulation
Z.
Rental property
Reports by Federal Reserve Board and attorney general,
6-1069Required deposits—See Deposits, this heading.
Rescission, right of
Dwelling, principal—See Dwelling,
security interest in, this heading.
Third party,
performance by; delay in creditor's performance,
6-1172.8;
6-6172.8Residential mortgage transactions—See Mortgages, this heading.
Restitution
Administrative enforcement, policy
statement,
6-1160Orders,
exemption from,
6-1160Returns,
prompt notification of,
6-1117Safety of creditor, adjustments,
6-1066Charges
Collateral
Dwelling, in—See Dwelling, security interest in, this heading.
Spreader clauses—See Spreader clauses, this heading.
Transaction, arising
from; right of rescission
Signatures,
insurance authorization; finance charge exclusions,
6-1165.2;
6-6165.2Single add-on rate transactions, closed-end credit annual percentage
rate,
6-886;
6-5886Soundness of creditor, adjustments,
6-1066Spreader clauses
Staff commentary on Regulation Z,
6-1161 et seq.;
6-6161 et seq.
State law
Consistency determination
Disclosure requirements—See Disclosure requirements, this subheading.
Credit and charge card applications and solicitations,
6-960;
6-5960Credit and charge
card solicitation,
6-1065.1Disclosure requirements—See Disclosure requirements, this subheading.
Statements,
periodic—See Periodic statements, this heading.
State-regulated
transactions, exemption from disclosure requirements,
6-1073Student loans
Subsequent occurrences, effect of disclosures,
6-1174;
6-6174Taxes
Security interest, on
Time deposit interest forfeited excluded from
finance charges,
6-647;
6-5647Transaction charges
Trustee-account payments excluded
from finance charges,
6-647;
6-5647Trusts
Truth in lending statement, no fee for preparation for
real estate settlement,
6-1362;
6-1398Uniform statement, no fee for preparation
for real estate settlement,
6-1362;
6-1398Amortization, negative—See Negative amortization, this heading.
Mortgages—See Mortgages, this subheading.
Home-equity plans—See Home-equity plans.
Negative amortization—See Negative amortization, this heading.
Violations
Improper disclosure, involving,
6-1160Liability for—See Liability, this heading.
Nondisclosure,
involving,
6-1160Waiver for borrower
with high income or assets,
6-1043.2
