source:
  type: regulation
  id: reg-z-1026.26
  authority: 12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB) § 1026.26 — Use of annual percentage rate
    in oral disclosures
  description: '12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB), §1026.26 Use of annual percentage
    rate in oral disclosures. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: reg-z-1026.26-a
  canonical_id: reg-z-1026.26-a
  section: 12 CFR §1026.26(a)
  description: 'Use of annual percentage rate in oral disclosures — (a): (a) Open-end credit. In an oral response
    to a consumer''s inquiry about the cost of open-end credit, only the annual percentage rate or rates shall be
    stated, except that the periodic rate or rates also may be stated. If the annual percentage rate cannot be determined
    in advance because there are fin…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB) § 1026.26
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1026
    snapshot_id: 2f0bd06c71cf3f0e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:e0a28cfac50c4af33e4aadc64dd0e5a3910ddee6364620a5d646f8388be29466
    paragraph_quote: (a) Open-end credit. In an oral response to a consumer's inquiry about the cost of open-end
      credit, only the annual percentage rate or rates shall be stated, except that the periodic rate or rates also
      may be stated. If the annual percentage rate cannot be determined in advance because there are finance charges
      other than a periodic rate, the corresponding annual percentage rate shall be stated, and other cost information
      may be given.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1026.26 subsection (a) from snapshot 2f0bd06c71cf3f0e;
      substring-verified.
  judgment: false
- id: reg-z-1026.26-b
  canonical_id: reg-z-1026.26-b
  section: 12 CFR §1026.26(b)
  description: 'Use of annual percentage rate in oral disclosures — (b): (b) Closed-end credit. In an oral response
    to a consumer''s inquiry about the cost of closed-end credit, only the annual percentage rate shall be stated,
    except that a simple annual rate or periodic rate also may be stated if it is applied to an unpaid balance.
    If the annual percentage rate cannot be…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB) § 1026.26
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-12/chapter-X/subchapter-B/part-1026
    snapshot_id: 2f0bd06c71cf3f0e
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:e0a28cfac50c4af33e4aadc64dd0e5a3910ddee6364620a5d646f8388be29466
    paragraph_quote: (b) Closed-end credit. In an oral response to a consumer's inquiry about the cost of closed-end
      credit, only the annual percentage rate shall be stated, except that a simple annual rate or periodic rate
      also may be stated if it is applied to an unpaid balance. If the annual percentage rate cannot be determined
      in advance, the annual percentage rate for a sample transaction shall be stated, and other cost information
      for the consumer's specific transaction may be given.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §1026.26 subsection (b) from snapshot 2f0bd06c71cf3f0e;
      substring-verified.
  judgment: false
