§ 1601. Congressional findings and declaration of purpose
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(a)Informed use of credit The Congress finds that economic stabilization would be enhanced and the competition among the various financial institutions and other firms engaged in the extension of consumer credit would be strengthened by the informed use of credit. The informed use of credit results from an awareness of the cost thereof by consumers. It is the purpose of this subchapter to assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit, and to protect the consumer against inaccurate and unfair credit billing and credit card practices.
(b)Terms of personal property leases The Congress also finds that there has been a recent trend toward leasing automobiles and other durable goods for consumer use as an alternative to installment credit sales and that these leases have been offered without adequate cost disclosures. It is the purpose of this subchapter to assure a meaningful disclosure of the terms of leases of personal property for personal, family, or household purposes so as to enable the lessee to compare more readily the various lease terms available to him, limit balloon payments in consumer leasing, enable comparison of lease terms with credit terms where appropriate, and to assure meaningful and accurate disclosures of lease terms in advertisements.
(Pub. L. 90–321, title I, § 102, May 29, 1968, 82 Stat. 146; Pub. L. 93–495, title III, § 302, Oct. 28, 1974, 88 Stat. 1511; Pub. L. 94–240, § 2, Mar. 23, 1976, 90 Stat. 257.)
Connections1,373 cite this · traces to 35
Cited by 1,373 sections · top 60
U.S. Code
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- § 1681aDefinitions; rules of construction
- § 248Enumerated powers
- § 1681Congressional findings and statement of purpose
- § 5301Congressional findings and declaration of purpose
- § 5481Definitions
- § 5365Enhanced supervision and prudential standards for nonbank financial companies supervised by the Board of Governors and certain bank holding companies
- § 1602Definitions and rules of construction
- § 1691Scope of prohibition
- § 2601Congressional findings and purpose
- § 40901Establishment
- § 1639cMinimum standards for residential mortgage loans
- § 1604Disclosure guidelines
- § 1681bPermissible purposes of consumer reports
- § 1693Congressional findings and declaration of purpose
- § 1692Congressional findings and declaration of purpose
- § 1701xAssistance with respect to housing for low- and moderate-income families
- § 3718Contracts for collection services
- § 5493Administration
- § 1638Transactions other than under an open end credit plan
- § 2605Servicing of mortgage loans and administration of escrow accounts
- § 3608Administration
- § 1708Federal Housing Administration operations
- § 1639eAppraisal independence requirements
- § 1640Civil liability
- § 3806Adjustable rate mortgage caps
- § 1639Requirements for certain mortgages
- § 1637Open end consumer credit plans
- § 3533Officers of Department
- § 2721Prohibition on release and use of certain personal information from State motor vehicle records
- § 2604Home buying information booklets
- § 1639hProperty appraisal requirements
- § 1030Fraud and related activity in connection with computers
- § 5532Disclosures
- § 3339Functions of Federal financial institutions regulatory agencies relating to appraisal standards
- § 3350Definitions
- § 2603Uniform settlement statement
- § 1639dEscrow or impound accounts relating to certain consumer credit transactions
- § 987Terms of consumer credit extended to members and dependents: limitations
- § 1639bResidential mortgage loan origination
- § 1083Student loan information by eligible lenders
- § 1607Administrative enforcement
- § 4008Regulations and reports by Board
- § 6802Obligations with respect to disclosures of personal information
- § 1667Definitions
- § 523Exceptions to discharge
- § 1666Correction of billing errors
- § 3338Roster of State certified or licensed appraisers; authority to collect and transmit fees
- § 3353Appraisal management company minimum requirements
- § 1712aIndexing of FHA multifamily housing loan limits
- § 3333Chairperson of Appraisal Subcommittee; term of Chairperson; meetings
- § 3332Functions of Appraisal Subcommittee
- § 3162Requests by authorized investigative agencies
- § 5301Nonassignability and exempt status of benefits
- § 363Use, sale, or lease of property
- § 3342Transactions requiring services of State certified appraiser
- § 3354Automated valuation models used to estimate collateral value for mortgage lending purposes
public-private-law
Traces to 35 documents
U.S. Code
- Definitions§ 1667
- Correction of billing errors§ 1666
- Permissible purposes of consumer reports§ 1681b
- Rulemaking authority§ 5512
- Requirements on users of consumer reports§ 1681m
- Timing of payments§ 1666b
- Repealed. June 25, 1948, ch. 646, § 39, 62 Stat. 992, eff. Sept. 1, 1948§ 1a
- Declaration of purpose§ 5311
- Preventing unfair and deceptive private educational lending practices and eliminating conflicts of interest§ 1650
- Financial institutions; evaluation§ 2903
- Institutional and financial assistance information for students§ 1092
- Coordinated education efforts§ 9709
- Transactions other than under an open end credit plan§ 1638
- Civil liability for willful noncompliance§ 1681n
- Compliance, exemptions, and summons authority§ 5318
- Definitions§ 9701
- Definitions; rules of construction§ 1681a
- Administrative enforcement§ 1681s
- Certain limitations on liability§ 1649
- Determination of finance charge§ 1605
- Civil liability§ 1640
- Definitions and rules of construction§ 1602
- Disclosure requirements for open end consumer credit plans secured by consumer’s principal dwelling§ 1637a
- Open end consumer credit plans§ 1637
- Power to hold real property§ 29
- Dissemination of annual percentage rates; implementation, etc.§ 1646
- Annual reports to Congress; contents§ 1691f
- Repealed. Pub. L. 94–239, § 3(b)(1), Mar. 23, 1976, 90 Stat. 253§ 1609
- Scope of prohibition§ 1691
- Definitions and rules of construction§ 891
- Congressional findings and statement of purpose§ 1681
- Designated transfer date§ 5582
100 references not yet in our index
- Pub. L. 90–321, title I, § 102
- 82 Stat. 146
- Pub. L. 93–495, title III, § 302
- 88 Stat. 1511
- Pub. L. 94–240, § 2
- 90 Stat. 257
- Pub. L. 94–240
- Pub. L. 93–495
- Pub. L. 111–203, title XIV, § 1400(c)
- 124 Stat. 2136
- section 6 of Pub. L. 94–240
- section 308 of Pub. L. 93–495
- Pub. L. 90–321, title V, § 504(a)
- 82 Stat. 167
- 139 Stat. 493
- 132 Stat. 1296
- 129 Stat. 1799
- Pub. L. 111–319, § 1
- 124 Stat. 3457
- Pub. L. 111–203, title XIV, § 1400(a)
- Pub. L. 111–93, § 1
- 123 Stat. 2998
- Pub. L. 111–24, § 1(a)
- 123 Stat. 1734
- Pub. L. 110–315, title X, § 1001
- 122 Stat. 3478
- Pub. L. 110–289, div. B, title V, § 2501
- 122 Stat. 2855
- Pub. L. 110–241, § 1
- 122 Stat. 1565
- Pub. L. 108–159, § 1(a)
- 117 Stat. 1952
- Pub. L. 106–102, title VII, § 701
- 113 Stat. 1463
- Pub. L. 106–102
- Pub. L. 105–347, § 1
- 112 Stat. 3208
- Pub. L. 104–208, div. A, title II, § 2401
- 110 Stat. 3009–426
- Pub. L. 104–208
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§ 1601
Congressional findings and declaration of purpose
Fed. Reg.×911
Bills×160
U.S.C.×156
Stat.×76
C.F.R.×44
Stat. Comp.×20
Pub. L.×5
Pub. L.Pub. L. 90–321, title I, § 102
Stat.82 Stat. 146
Pub. L.Pub. L. 93–495, title III, § 302
Cites 135 · showing 12Cited by 1,373 across 8 sources