§ 37.5. Method of payment of fees.
104 words·~1 min read·
/us/cfr/t12/s§ 37.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in § 37.3(c)(2), a bank may offer a customer the option of paying the fee for a contract in a single payment, provided the bank also offers the customer a bona fide option of paying the fee for that contract in monthly or other periodic payments. If the bank offers the customer the option to finance the single payment by adding it to the amount the customer is borrowing, the bank must also disclose to the customer, in accordance with § 37.6, whether and, if so, the time period during which, the customer may cancel the agreement and receive a refund.
Connections2 cite this
Cited by 2 sections
Citation graph
cites case law
§ 37.5
Method of payment of fees.
Fed. Reg.×2
Cites 0Cited by 2 across 1 source