Sec. 103. Rulemaking; model disclosure forms
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Except as provided under subsection
(b)and section 102(b)(1)(G), the Director of the Bureau of Consumer Financial Protection may not issue regulations under this title or pursuant to any other authority granted to the Bureau of Consumer Financial Protection under the Dodd-Frank Wall Street Reform and Consumer Protection Act ( Public Law 111–203 ). Not later than 180 days after the date of the enactment of this Act, the Director of the Bureau of Consumer Financial Protection, after engaging in appropriate consumer testing of such forms, shall promulgate a model disclosure form for the disclosures required under section 102(b). Any person who uses the model disclosure form promulgated pursuant to paragraph
(1)and includes accurate information required under section 102(b) shall be deemed to be in compliance with the disclosure requirements under section 102(b) and shall not be subject to any State law (including regulations) to the extent that such law imposes any additional or differing disclosure requirements.
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- Pub. L. 111-203
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Sec. 103
Rulemaking; model disclosure forms
Pub. L.Pub. L. 111-203
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