source:
  type: regulation
  id: reg-z-1026.17
  authority: 12 CFR §1026.17 — General disclosure requirements (Regulation Z)
  description: 12 CFR §1026.17 — General disclosure requirements.
  coverage_tier: operative
obligations:
- id: reg-z-1026.17-full
  canonical_id: reg-z-1026.17-full
  section: 12 CFR §1026.17 — General disclosure requirements
  type: do
  tags:
  - regulator-direct
  - tila
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: 12 CFR §1026.17 — General disclosure requirements
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.17
    snapshot_id: a0302684681cc141
    fetched_at: '2026-06-17T18:31:37Z'
    content_hash: sha256:4f6c5cc1d0ed88ff706ece3198268836545c48640adcc9b99bd58c9974f0f716
    paragraph_quote: '§ 1026.17 General disclosure requirements. (a) Form of disclosures.
      Except for the disclosures required by § 1026.19(e) , (f), and (g): (1) The
      creditor shall make the disclosures required by this subpart clearly and conspicuously
      in writing, in a form that the consumer may keep. The disclosures required by
      this subpart may be provided to the consumer in electronic form, subject to
      compliance with the consumer consent and other applicable provisions of the
      Electronic Signatures in Global and National Commerce Act (E-Sign Act) ( 15
      U.S.C. 7001 et seq. ). The disclosures required by §§ 1026.17(g) , 1026.19(b),
      and 1026.24 may be provided to the consumer in electronic form without regard
      to the consumer consent or other provisions of the E-Sign Act in the circumstances
      set forth in those sections. The disclosures shall be grouped together, shall
      be segregated from everything else, and shall not contain any information not
      directly related to the disclosures required under § 1026.18 , § 1026.20(c)
      and (d) , or § 1026.47 . The disclosures required by § 1026.20(d) shall be provided
      as a separate document from all other written materials. The disclosures may
      include an acknowledgment of receipt, the date of the transaction, and the consumer
      ''s name, address, and account number. The following disclosures may be made
      together with or separately from other required disclosures: The creditor''s
      identity under § 1026.18(a) , the variable rate example under § 1026.18(f)(1)(iv)
      , insurance or debt cancellation under § 1026.18(n) , and certain security interest
      charges under § 1026.18(o) . The itemization of the amount financed under §
      1026.18(c)(1) must be separate from the other disclosures under § 1026.18 ,
      except for private education loan disclosures made in compliance with § 1026.47
      . (2) Except for private education loan disclosures made in compliance with
      § 1026.47 , the terms “finance charge” and “annual percentage rate,” when required
      to be disclosed under § 1026.18(d) and (e) together with a corresponding amount
      or percentage rate, shall be more conspicuous than any other disclosure, except
      the creditor''s identity under § 1026.18(a) . For private education loan disclosures
      made in compliance with § 1026.47 , the term “annual percentage rate,” and the
      corresponding percentage rate must be less conspicuous than the term “finance
      charge” and corresponding amount under § 1026.18(d) , the interest rate under
      §§ 1026.47(b)(1)(i) and (c) (1), and the notice of the right to cancel under
      § 1026.47(c)(4) . (b) Time of disclosures. The creditor shall make disclosures
      before consummation of the transaction. In certain residential mortgage transactions,
      special timing requirements are set forth in § 1026.19(a) . In certain variable-rate
      transactions, special timing requirements for variable-rate disclosures are
      set forth in §§ 1026.19(b) and 1026.20(c) and (d). For private education loan
      disclosures made in compliance with § 1026.47 , special timing requirements
      are set forth in § 1026.46(d) . In certain transactions involving mail or telephone
      orders or a series of sales, the timing of disclosures may be delayed in accordance
      with paragraphs (g) and (h) of this section. This paragraph (b) does not apply
      to the disclosures required by §§ 1026.19(e) , (f), and (g) and 1026.20(e).
      (c) Basis of disclosures and use of estimates. (1) The disclosures shall reflect
      the terms of the legal obligation between the parties. (2) (i) If any information
      necessary for an accurate disclosure is unknown to the creditor, the creditor
      shall make the disclosure based on the best information reasonably available
      at the time the disclosure is provided to the consumer , and shall state clearly
      that the disclosure is an estimate. (ii) For a transaction in which a portion
      of the interest is determined on a per-diem basis and collected at consummation,
      any disclosure affected by the per-diem interest shall be considered accurate
      if the disclosure is based on the information known to the creditor at the time
      that the disclosure documents are prepared for consummation of the transaction.
      (3) The creditor may disregard the effects of the following in making calculations
      and disclosures. (i) That payments must be collected in whole cents. (ii) That
      dates of scheduled payments and advances may be changed because the scheduled
      date is not a business day . (iii) That months have different numbers of days.
      (iv) The occurrence of leap year. (4) In making calculations and disclosures,
      the creditor may disregard any irregularity in the first period that falls within
      the limits described below and any payment schedule irregularity that results
      from the irregular first period: (i) For transactions in which the term is less
      than 1 year, a first period not more than 6 days shorter or 13 days longer than
      a regular period; (ii) For transactions in which the term is at least 1 year
      and less than 10 years, a first period not more than 11 days shorter or 21 days
      longer than a regular period; and (iii) For transactions in which the term is
      at least 10 years, a first period shorter than or not more than 32 days longer
      than a regular period. (5) If an obligation is payable on demand , the creditor
      shall make the disclosures based on an assumed maturity of 1 year. If an alternate
      maturity date is stated in the legal obligation between the parties, the disclosures
      shall be based on that date. (6) (i) A series of advances under an agreement
      to extend credit up to a certain amount may be considered as one transaction.
      (ii) When a multiple-advance loan to finance the construction of a dwelling
      may be permanently financed by the same creditor, the construction phase and
      the permanent phase may be treated as either one transaction or more than one
      transaction. (d) Multiple creditors; multiple consumers. If a transaction involves
      more than one creditor, only one set of disclosures shall be given and the creditors
      shall agree among themselves which creditor must comply with the requirements
      that this part imposes on any or all of them. If there is more than one consumer
      , the disclosures may be made to any consumer who is primarily liable on the
      obligation . If the transaction is rescindable under § 1026.23 , however, the
      disclosures shall be made to each consumer who has the right to rescind. (e)
      Effect of subsequent events. If a disclosure becomes inaccurate because of an
      event that occurs after the creditor delivers the required disclosures, the
      inaccuracy is not a violation of this part, although new disclosures may be
      required under paragraph (f) of this section, § 1026.19, § 1026.20, or § 1026.48(c)(4).
      (f) Early disclosures. Except for private education loan disclosures made in
      compliance with § 1026.47 , if disclosures required by this subpart are given
      before the date of consummation of a transaction and a subsequent event makes
      them inaccurate, the creditor shall disclose before consummation (subject to
      the provisions of § 1026.19(a)(2) , (e), and (f)): (1) Any changed term unless
      the term was based on an estimate in accordance with § 1026.17(c)(2) and was
      labeled an estimate; (2) All changed terms, if the annual percentage rate at
      the time of consummation varies from the annual percentage rate disclosed earlier
      by more than 1/8 of 1 percentage point in a regular transaction, or more than
      1/4 of 1 percentage point in an irregular transaction, as defined in § 1026.22(a)
      . (g) Mail or telephone orders—delay in disclosures. Except for private education
      loan disclosures made in compliance with § 1026.47 and mortgage disclosures
      made in compliance with § 1026.19(a) or (e), (f), and (g), if a creditor receives
      a purchase order or a request for an extension of credit by mail, telephone,
      or facsimile machine without face-to-face or direct telephone solicitation,
      the creditor may delay the disclosures until the due date of the first payment,
      if the following information for representative amounts or ranges of credit
      is made available in written form or in electronic form to the consumer or to
      the public before the actual purchase order or request: (1) The cash price or
      the principal loan amount . (2) The total sale price. (3) The finance charge.
      (4) The annual percentage rate, and if the rate may increase after consummation,
      the following disclosures: (i) The circumstances under which the rate may increase.
      (ii) Any limitations on the increase. (iii) The effect of an increase. (5) The
      terms of repayment. (h) Series of sales—delay in disclosures. Except for mortgage
      disclosures made in compliance with § 1026.19(a) or (e), (f), and (g), if a
      credit sale is one of a series made under an agreement providing that subsequent
      sales may be added to an outstanding balance, the creditor may delay the required
      disclosures until the due date of the first payment for the current sale, if
      the following two conditions are met: (1) The consumer has approved in writing
      the annual percentage rate or rates, the range of balances to which they apply,
      and the method of treating any unearned finance charge on an existing balance.
      (2) The creditor retains no security interest in any property after the creditor
      has received payments equal to the cash price and any finance charge attributable
      to the sale of that property. For purposes of this provision, in the case of
      items purchased on different dates, the first purchased is deemed the first
      item paid for; in the case of items purchased on the same date, the lowest priced
      is deemed the first item paid for. (i) Interim student credit extensions. For
      transactions involving an interim credit extension under a student credit program
      for which an application is received prior to the mandatory compliance date
      of §§ 1026.46 , 47, and 48, the creditor need not make the following disclosures:
      the finance charge under § 1026.18(d) , the payment schedule under § 1026.18(g)
      , the total of payments under § 1026.18(h) , or the total sale price under §
      1026.18(j) at the time the credit is actually extended. The creditor must make
      complete disclosures at the time the creditor and consumer agree upon the repayment
      schedule for the total obligation . At that time, a new set of disclosures must
      be made of all applicable items under § 1026.18 . [ 76 FR 79772 , Dec. 22, 2011,
      as amended at 78 FR 11004 , Feb. 14, 2013; 78 FR 80107 , Dec. 31, 2013]'
  judgment: false
