source:
  type: regulation
  id: tila-15usc-1602
  authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602 — Definitions and rules of construction
  description: 'TILA (Truth in Lending Act, 15 U.S.C.), §1602 Definitions and rules of construction. Captured section-complete
    from Cornell LII (verbatim).

    '
obligations:
- id: tila-15usc-1602-a
  canonical_id: tila-15usc-1602-a
  section: 15 U.S.C. §1602(a)
  description: 'Definitions and rules of construction — (a): (a) The definitions and rules of construction set forth
    in this section are applicable for the purposes of this subchapter.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (a) The definitions and rules of construction set forth in this section are applicable for
      the purposes of this subchapter.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (a) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-b
  canonical_id: tila-15usc-1602-b
  section: 15 U.S.C. §1602(b)
  description: 'Definitions and rules of construction — (b): (b) Bureau.— The term “ Bureau ” means the Bureau of
    Consumer Financial Protection.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (b) Bureau.— The term “ Bureau ” means the Bureau of Consumer Financial Protection.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (b) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-c
  canonical_id: tila-15usc-1602-c
  section: 15 U.S.C. §1602(c)
  description: 'Definitions and rules of construction — (c): (c) The term “ Board ” refers to the Board of Governors
    of the Federal Reserve System .'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (c) The term “ Board ” refers to the Board of Governors of the Federal Reserve System .
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (c) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-d
  canonical_id: tila-15usc-1602-d
  section: 15 U.S.C. §1602(d)
  description: 'Definitions and rules of construction — (d): (d) The term “ organization ” means a corporation,
    government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (d) The term “ organization ” means a corporation, government or governmental subdivision or
      agency, trust, estate, partnership, cooperative, or association.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (d) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-e
  canonical_id: tila-15usc-1602-e
  section: 15 U.S.C. §1602(e)
  description: 'Definitions and rules of construction — (e): (e) The term “ person ” means a natural person or an
    organization .'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (e) The term “ person ” means a natural person or an organization .
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (e) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-f
  canonical_id: tila-15usc-1602-f
  section: 15 U.S.C. §1602(f)
  description: 'Definitions and rules of construction — (f): (f) The term “ credit ” means the right granted by
    a creditor to a debtor to defer payment of debt or to incur debt and defer its payment.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (f) The term “ credit ” means the right granted by a creditor to a debtor to defer payment
      of debt or to incur debt and defer its payment.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (f) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-g
  canonical_id: tila-15usc-1602-g
  section: 15 U.S.C. §1602(g)
  description: 'Definitions and rules of construction — (g): (g) The term “ creditor ” refers only to a person who
    both (1) regularly extends, whether in connection with loans, sales of property or services, or otherwise, consumer
    credit which is payable by agreement in more than four installments or for which the payment of a finance charge
    is or may be requ…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (g) The term “ creditor ” refers only to a person who both (1) regularly extends, whether in
      connection with loans, sales of property or services, or otherwise, consumer credit which is payable by agreement
      in more than four installments or for which the payment of a finance charge is or may be required, and (2)
      is the person to whom the debt arising from the consumer credit transaction is initially payable on the face
      of the evidence of indebtedness or, if there is no such evidence of indebtedness, by agreement. Notwithstanding
      the preceding sentence, in the case of an open-end credit plan involving a credit card , the card issuer and
      any person who honors the credit card and offers a discount which is a finance charge are creditors. For the
      purpose of the requirements imposed under part D of this subchapter and sections 1637(a)(5) , 1637(a)(6) ,
      1637(a)(7) , 1637(b)(1) , 1637(b)(2) , 1637(b)(3) , 1637(b)(8) , and 1637(b)(10) of this title, the term “creditor”
      shall also include card issuers whether or not the amount due is payable by agreement in more than four installments
      or the payment of a finance charge is or may be required, and the Bureau shall, by regulation, apply these
      requirements to such card issuers, to the extent appropriate, even though the requirements are by their terms
      applicable only to creditors offering open-end credit plans. Any person who originates 2 or more mortgages
      referred to in subsection (aa) in any 12-month period or any person who originates 1 or more such mortgages
      through a mortgage broker shall be considered to be a creditor for purposes of this subchapter. The term “creditor”
      includes a private educational lender (as that term is defined in section 1650 of this title ) for purposes
      of this subchapter.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (g) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-h
  canonical_id: tila-15usc-1602-h
  section: 15 U.S.C. §1602(h)
  description: 'Definitions and rules of construction — (h): (h) The term “ credit sale ” refers to any sale in
    which the seller is a creditor. The term includes any contract in the form of a bailment or lease if the bailee
    or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate
    value of the property …'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (h) The term “ credit sale ” refers to any sale in which the seller is a creditor. The term
      includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation
      for use a sum substantially equivalent to or in excess of the aggregate value of the property and services
      involved and it is agreed that the bailee or lessee will become, or for no other or a nominal consideration
      has the option to become, the owner of the property upon full compliance with his obligations under the contract.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (h) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) The adjective “consumer”, used with reference to
    a credit transaction, characterizes the transaction as one in which the party to whom credit is offered or extended
    is a natural person, and the money, property, or services which are the subject of the transaction are primarily
    for personal, fami…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) The adjective “consumer”, used with reference to a credit transaction, characterizes the
      transaction as one in which the party to whom credit is offered or extended is a natural person, and the money,
      property, or services which are the subject of the transaction are primarily for personal, family, or household
      purposes.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-j
  canonical_id: tila-15usc-1602-j
  section: 15 U.S.C. §1602(j)
  description: 'Definitions and rules of construction — (j): (j) The terms “ open end credit plan ” and “ open end
    consumer credit plan ” mean a plan under which the creditor reasonably contemplates repeated transactions, which
    prescribes the terms of such transactions, and which provides for a finance charge which may be computed from
    time to time on the out…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (j) The terms “ open end credit plan ” and “ open end consumer credit plan ” mean a plan under
      which the creditor reasonably contemplates repeated transactions, which prescribes the terms of such transactions,
      and which provides for a finance charge which may be computed from time to time on the outstanding unpaid
      balance. A credit plan or open end consumer credit plan which is an open end credit plan or open end consumer
      credit plan within the meaning of the preceding sentence is an open end credit plan or open end consumer credit
      plan even if credit information is verified from time to time.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (j) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-k
  canonical_id: tila-15usc-1602-k
  section: 15 U.S.C. §1602(k)
  description: 'Definitions and rules of construction — (k): (k) The term “ adequate notice ,” as used in section
    1643 of this title , means a printed notice to a cardholder which sets forth the pertinent facts clearly and
    conspicuously so that a person against whom it is to operate could reasonably be expected to have noticed it
    and understood its meaning. S…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (k) The term “ adequate notice ,” as used in section 1643 of this title , means a printed notice
      to a cardholder which sets forth the pertinent facts clearly and conspicuously so that a person against whom
      it is to operate could reasonably be expected to have noticed it and understood its meaning. Such notice may
      be given to a cardholder by printing the notice on any credit card, or on each periodic statement of account,
      issued to the cardholder, or by any other means reasonably assuring the receipt thereof by the cardholder.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (k) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-l
  canonical_id: tila-15usc-1602-l
  section: 15 U.S.C. §1602(l)
  description: 'Definitions and rules of construction — (l): (l) The term “ credit card ” means any card, plate,
    coupon book or other credit device existing for the purpose of obtaining money, property, labor, or services
    on credit.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (l) The term “ credit card ” means any card, plate, coupon book or other credit device existing
      for the purpose of obtaining money, property, labor, or services on credit.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (l) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-m
  canonical_id: tila-15usc-1602-m
  section: 15 U.S.C. §1602(m)
  description: 'Definitions and rules of construction — (m): (m) The term “ accepted credit card ” means any credit
    card which the cardholder has requested and received or has signed or has used, or authorized another to use,
    for the purpose of obtaining money, property, labor, or services on credit.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (m) The term “ accepted credit card ” means any credit card which the cardholder has requested
      and received or has signed or has used, or authorized another to use, for the purpose of obtaining money,
      property, labor, or services on credit.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (m) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-n
  canonical_id: tila-15usc-1602-n
  section: 15 U.S.C. §1602(n)
  description: 'Definitions and rules of construction — (n): (n) The term “ cardholder ” means any person to whom
    a credit card is issued or any person who has agreed with the card issuer to pay obligations arising from the
    issuance of a credit card to another person.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (n) The term “ cardholder ” means any person to whom a credit card is issued or any person
      who has agreed with the card issuer to pay obligations arising from the issuance of a credit card to another
      person.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (n) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-o
  canonical_id: tila-15usc-1602-o
  section: 15 U.S.C. §1602(o)
  description: 'Definitions and rules of construction — (o): (o) The term “ card issuer ” means any person who issues
    a credit card, or the agent of such person with respect to such card.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (o) The term “ card issuer ” means any person who issues a credit card, or the agent of such
      person with respect to such card.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (o) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-p
  canonical_id: tila-15usc-1602-p
  section: 15 U.S.C. §1602(p)
  description: 'Definitions and rules of construction — (p): (p) The term “ unauthorized use ,” as used in section
    1643 of this title , means a use of a credit card by a person other than the cardholder who does not have actual,
    implied, or apparent authority for such use and from which the cardholder receives no benefit.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (p) The term “ unauthorized use ,” as used in section 1643 of this title , means a use of a
      credit card by a person other than the cardholder who does not have actual, implied, or apparent authority
      for such use and from which the cardholder receives no benefit.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (p) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-q
  canonical_id: tila-15usc-1602-q
  section: 15 U.S.C. §1602(q)
  description: 'Definitions and rules of construction — (q): (q) The term “ discount ” as used in section 1666f
    of this title means a reduction made from the regular price. The term “discount” as used in section 1666f of
    this title shall not mean a surcharge.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (q) The term “ discount ” as used in section 1666f of this title means a reduction made from
      the regular price. The term “discount” as used in section 1666f of this title shall not mean a surcharge.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (q) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-r
  canonical_id: tila-15usc-1602-r
  section: 15 U.S.C. §1602(r)
  description: 'Definitions and rules of construction — (r): (r) The term “ surcharge ” as used in this section
    and section 1666f of this title means any means of increasing the regular price to a cardholder which is not
    imposed upon customers paying by cash, check, or similar means.”'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (r) The term “ surcharge ” as used in this section and section 1666f of this title means any
      means of increasing the regular price to a cardholder which is not imposed upon customers paying by cash,
      check, or similar means.”
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (r) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-s
  canonical_id: tila-15usc-1602-s
  section: 15 U.S.C. §1602(s)
  description: 'Definitions and rules of construction — (s): (s) The term “ State ” refers to any State , the Commonwealth
    of Puerto Rico , the District of Columbia, and any territory or possession of the United States.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (s) The term “ State ” refers to any State , the Commonwealth of Puerto Rico , the District
      of Columbia, and any territory or possession of the United States.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (s) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-t
  canonical_id: tila-15usc-1602-t
  section: 15 U.S.C. §1602(t)
  description: 'Definitions and rules of construction — (t): (t) The term “ agricultural purposes ” includes the
    production, harvest, exhibition, marketing, transportation, processing, or manufacture of agricultural products
    by a natural person who cultivates, plants, propagates, or nurtures those agricultural products , including
    but not limited to the acqui…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (t) The term “ agricultural purposes ” includes the production, harvest, exhibition, marketing,
      transportation, processing, or manufacture of agricultural products by a natural person who cultivates, plants,
      propagates, or nurtures those agricultural products , including but not limited to the acquisition of farmland,
      real property with a farm residence, and personal property and services used primarily in farming.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (t) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-u
  canonical_id: tila-15usc-1602-u
  section: 15 U.S.C. §1602(u)
  description: 'Definitions and rules of construction — (u): (u) The term “ agricultural products ” includes agricultural,
    horticultural, viticultural, and dairy products, livestock, wildlife, poultry, bees, forest products, fish and
    shellfish, and any products thereof, including processed and manufactured products, and any and all products
    raised or produced…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (u) The term “ agricultural products ” includes agricultural, horticultural, viticultural,
      and dairy products, livestock, wildlife, poultry, bees, forest products, fish and shellfish, and any products
      thereof, including processed and manufactured products, and any and all products raised or produced on farms
      and any processed or manufactured products thereof.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (u) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-v
  canonical_id: tila-15usc-1602-v
  section: 15 U.S.C. §1602(v)
  description: 'Definitions and rules of construction — (v): (v) The term “ material disclosures ” means the disclosure,
    as required by this subchapter, of the annual percentage rate, the method of determining the finance charge
    and the balance upon which a finance charge will be imposed, the amount of the finance charge, the amount to
    be financed, the total …'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (v) The term “ material disclosures ” means the disclosure, as required by this subchapter,
      of the annual percentage rate, the method of determining the finance charge and the balance upon which a finance
      charge will be imposed, the amount of the finance charge, the amount to be financed, the total of payments,
      the number and amount of payments, the due dates or periods of payments scheduled to repay the indebtedness,
      and the disclosures required by section 1639(a) of this title .
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (v) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-w
  canonical_id: tila-15usc-1602-w
  section: 15 U.S.C. §1602(w)
  description: 'Definitions and rules of construction — (w): (w) The term “ dwelling ” means a residential structure
    or mobile home which contains one to four family housing units, or individual units of condominiums or cooperatives.'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (w) The term “ dwelling ” means a residential structure or mobile home which contains one to
      four family housing units, or individual units of condominiums or cooperatives.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (w) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-x
  canonical_id: tila-15usc-1602-x
  section: 15 U.S.C. §1602(x)
  description: 'Definitions and rules of construction — (x): (x) The term “ residential mortgage transaction ” means
    a transaction in which a mortgage, deed of trust, purchase money security interest arising under an installment
    sales contract, or equivalent consensual security interest is created or retained against the consumer’s dwelling
    to finance the acq…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (x) The term “ residential mortgage transaction ” means a transaction in which a mortgage,
      deed of trust, purchase money security interest arising under an installment sales contract, or equivalent
      consensual security interest is created or retained against the consumer’s dwelling to finance the acquisition
      or initial construction of such dwelling.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (x) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-y
  canonical_id: tila-15usc-1602-y
  section: 15 U.S.C. §1602(y)
  description: 'Definitions and rules of construction — (y): (y) As used in this section and section 1666f of this
    title , the term “regular price” means the tag or posted price charged for the property or service if a single
    price is tagged or posted, or the price charged for the property or service when payment is made by use of an
    open-end credit plan or a…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (y) As used in this section and section 1666f of this title , the term “regular price” means
      the tag or posted price charged for the property or service if a single price is tagged or posted, or the
      price charged for the property or service when payment is made by use of an open-end credit plan or a credit
      card if either (1) no price is tagged or posted, or (2) two prices are tagged or posted, one of which is charged
      when payment is made by use of an open-end credit plan or a credit card and the other when payment is made
      by use of cash, check, or similar means. For purposes of this definition, payment by check, draft, or other
      negotiable instrument which may result in the debiting of an open-end credit plan or a credit cardholder’
      s open-end account shall not be considered payment made by use of the plan or the account.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (y) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-z
  canonical_id: tila-15usc-1602-z
  section: 15 U.S.C. §1602(z)
  description: 'Definitions and rules of construction — (z): (z) Any reference to any requirement imposed under
    this subchapter or any provision thereof includes reference to the regulations of the Bureau under this subchapter
    or the provision thereof in question. (aa) The disclosure of an amount or percentage which is greater than the
    amount or percentage re…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (z) Any reference to any requirement imposed under this subchapter or any provision thereof
      includes reference to the regulations of the Bureau under this subchapter or the provision thereof in question.
      (aa) The disclosure of an amount or percentage which is greater than the amount or percentage required to
      be disclosed under this subchapter does not in itself constitute a violation of this subchapter. (bb) High-cost
      Mortgage.— (1) Definition.— (A) In general.— The term “ high-cost mortgage ”, and a mortgage referred to in
      this subsection, means a consumer credit transaction that is secured by the consumer’s principal dwelling,
      other than a reverse mortgage transaction, if—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (z) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) in the case of a credit transaction secured— (I)
    by a first mortgage on the consumer’s principal dwelling , the annual percentage rate at consummation of the
    transaction will exceed by more than 6.5 percentage points (8.5 percentage points, if the dwelling is personal
    property and the transactio…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: '(i) in the case of a credit transaction secured— (I) by a first mortgage on the consumer’s
      principal dwelling , the annual percentage rate at consummation of the transaction will exceed by more than
      6.5 percentage points (8.5 percentage points, if the dwelling is personal property and the transaction is
      for less than $50,000) the average prime offer rate, as defined in section 1639c(b)(2)(B) of this title ,
      for a comparable transaction; or (II) by a subordinate or junior mortgage on the consumer’s principal dwelling
      , the annual percentage rate at consummation of the transaction will exceed by more than 8.5 percentage points
      the average prime offer rate, as defined in section 1639c(b)(2)(B) of this title , for a comparable transaction;
      (ii) the total points and fees payable in connection with the transaction, other than bona fide third party
      charges not retained by the mortgage originator , creditor, or an affiliate of the creditor or mortgage originator
      , exceed— (I) in the case of a transaction for $20,000 or more, 5 percent of the total transaction amount;
      or (II) in the case of a transaction for less than $20,000, the lesser of 8 percent of the total transaction
      amount or $1,000 (or such other dollar amount as the Board shall prescribe by regulation); or (iii) the credit
      transaction documents permit the creditor to charge or collect prepayment fees or penalties more than 36 months
      after the transaction closing or such fees or penalties exceed, in the aggregate, more than 2 percent of the
      amount prepaid. (B) Introductory rates taken into account.— For purposes of subparagraph (A)(i), the annual
      percentage rate of interest shall be determined based on the following interest rate:'
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) In the case of a fixed-rate transaction in which
    the annual percentage rate will not vary during the term of the loan, the interest rate in effect on the date
    of consummation of the transaction. (ii) In the case of a transaction in which the rate of interest varies solely
    in accordance with an i…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) In the case of a fixed-rate transaction in which the annual percentage rate will not vary
      during the term of the loan, the interest rate in effect on the date of consummation of the transaction. (ii)
      In the case of a transaction in which the rate of interest varies solely in accordance with an index, the
      interest rate determined by adding the index rate in effect on the date of consummation of the transaction
      to the maximum margin permitted at any time during the loan agreement. (iii) In the case of any other transaction
      in which the rate may vary at any time during the term of the loan for any reason, the interest charged on
      the transaction at the maximum rate that may be charged during the term of the loan. (C) Mortgage insurance.—
      For the purposes of computing the total points and fees under paragraph (4), the total points and fees shall
      exclude—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) any premium provided by an agency of the Federal
    Government or an agency of a State ; (ii) any amount that is not in excess of the amount payable under policies
    in effect at the time of origination under section 203(c)(2)(A) of the National Housing Act ( 12 U.S.C. 1709(c)(2)(A)
    ), provided that …'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) any premium provided by an agency of the Federal Government or an agency of a State ; (ii)
      any amount that is not in excess of the amount payable under policies in effect at the time of origination
      under section 203(c)(2)(A) of the National Housing Act ( 12 U.S.C. 1709(c)(2)(A) ), provided that the premium,
      charge, or fee is required to be refundable on a pro-rated basis and the refund is automatically issued upon
      notification of the satisfaction of the underlying mortgage loan; and (iii) any premium paid by the consumer
      after closing. (2) (A) After the 2-year period beginning on the effective date of the regulations promulgated
      under section 155 of the Riegle Community Development and Regulatory Improvement Act of 1994, and no more
      frequently than biennially after the first increase or decrease under this subparagraph, the Bureau may by
      regulation increase or decrease the number of percentage points specified in paragraph (1)(A), if the Bureau
      determines that the increase or decrease is—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) consistent with the consumer protections against
    abusive lending provided by the amendments made by subtitle B of title I of the Riegle Community Development
    and Regulatory Improvement Act of 1994; and (ii) warranted by the need for credit . (B) An increase or decrease
    under subparagraph (A)—'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) consistent with the consumer protections against abusive lending provided by the amendments
      made by subtitle B of title I of the Riegle Community Development and Regulatory Improvement Act of 1994;
      and (ii) warranted by the need for credit . (B) An increase or decrease under subparagraph (A)—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) may not result in the number of percentage points
    referred to in paragraph (1)(A)(i)(I) being less than 6 percentage points or greater than 10 percentage points;
    and (ii) may not result in the number of percentage points referred to in paragraph (1)(A)(i)(II) being less
    than 8 percentage points …'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) may not result in the number of percentage points referred to in paragraph (1)(A)(i)(I)
      being less than 6 percentage points or greater than 10 percentage points; and (ii) may not result in the number
      of percentage points referred to in paragraph (1)(A)(i)(II) being less than 8 percentage points or greater
      than 12 percentage points. (C) In determining whether to increase or decrease the number of percentage points
      referred to in subparagraph (A), the Bureau shall consult with representatives of consumers, including low-income
      consumers, and lenders. (3) The amount specified in paragraph (1)(B)(ii) shall be adjusted annually on January
      1 by the annual percentage change in the Consumer Price Index, as reported on June 1 of the year preceding
      such adjustment. (4) For purposes of paragraph (1)(B), points and fees shall include— (A) all items included
      in the finance charge , except interest or the time-price differential; (B) all compensation paid directly
      or indirectly by a consumer or creditor to a mortgage originator from any source, including a mortgage originator
      that is also the creditor in a table-funded transaction; (C) each of the charges listed in section 1605(e)
      of this title (except an escrow for future payment of taxes), unless—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) the charge is reasonable; (ii) the creditor receives
    no direct or indirect compensation; and (iii) the charge is paid to a third party unaffiliated with the creditor
    ; and (D) premiums or other charges payable at or before closing for any credit life, credit disability, credit
    unemployment, or c…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) the charge is reasonable; (ii) the creditor receives no direct or indirect compensation;
      and (iii) the charge is paid to a third party unaffiliated with the creditor ; and (D) premiums or other charges
      payable at or before closing for any credit life, credit disability, credit unemployment, or credit property
      insurance, or any other accident, loss-of-income, life or health insurance, or any payments directly or indirectly
      for any debt cancellation or suspension agreement or contract, except that insurance premiums or debt cancellation
      or suspension fees calculated and paid in full on a monthly basis shall not be considered financed by the
      creditor; (E) the maximum prepayment fees and penalties which may be charged or collected under the terms
      of the credit transaction; (F) all prepayment fees or penalties that are incurred by the consumer if the loan
      refinances a previous loan made or currently held by the same creditor or an affiliate of the creditor ; and
      (G) such other charges as the Bureau determines to be appropriate. (5) Calculation of points and fees for
      open-end consumer credit plans.— In the case of open-end consumer credit plans, points and fees shall be calculated,
      for purposes of this section and section 1639 of this title , by adding the total points and fees known at
      or before closing, including the maximum prepayment penalties which may be charged or collected under the
      terms of the credit transaction, plus the minimum additional fees the consumer would be required to pay to
      draw down an amount equal to the total credit line. (6) This subsection shall not be construed to limit the
      rate of interest or the finance charge that a person may charge a consumer for any extension of credit . (cc)
      The term “ reverse mortgage transaction ” means a nonrecourse transaction in which a mortgage, deed of trust,
      or equivalent consensual security interest is created against the consumer’s principal dwelling— (1) securing
      one or more advances; and (2) with respect to which the payment of any principal, interest, and shared appreciation
      or equity is due and payable (other than in the case of default) only after— (A) the transfer of the dwelling
      ; (B) the consumer ceases to occupy the dwelling as a principal dwelling ; or (C) the death of the consumer.
      (dd) Definitions Relating to Mortgage Origination and Residential Mortgage Loans.— (1) Commission.— Unless
      otherwise specified, the term “ Commission ” means the Federal Trade Commission . (2) Mortgage originator.—
      The term “ mortgage originator ”— (A) means any person who, for direct or indirect compensation or gain, or
      in the expectation of direct or indirect compensation or gain—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) takes a residential mortgage loan application;
    (ii) assists a consumer in obtaining or applying to obtain a residential mortgage loan ; or (iii) offers or
    negotiates terms of a residential mortgage loan ; (B) includes any person who represents to the public, through
    advertising or other means of…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) takes a residential mortgage loan application; (ii) assists a consumer in obtaining or
      applying to obtain a residential mortgage loan ; or (iii) offers or negotiates terms of a residential mortgage
      loan ; (B) includes any person who represents to the public, through advertising or other means of communicating
      or providing information (including the use of business cards, stationery, brochures, signs, rate lists, or
      other promotional items), that such person can or will provide any of the services or perform any of the activities
      described in subparagraph (A); (C) does not include any person who is—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) not otherwise described in subparagraph (A) or
    (B) and who performs purely administrative or clerical tasks on behalf of a person who is described in any such
    subparagraph; or (ii) a retailer of manufactured or modular homes or an employee of the retailer if the retailer
    or employee, as applicab…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) not otherwise described in subparagraph (A) or (B) and who performs purely administrative
      or clerical tasks on behalf of a person who is described in any such subparagraph; or (ii) a retailer of manufactured
      or modular homes or an employee of the retailer if the retailer or employee, as applicable— (I) does not receive
      compensation or gain for engaging in activities described in subparagraph (A) that is in excess of any compensation
      or gain received in a comparable cash transaction; (II) discloses to the consumer— (aa) in writing any corporate
      affiliation with any creditor ; and (bb) if the retailer has a corporate affiliation with any creditor , at
      least 1 unaffiliated creditor ; and (III) does not directly negotiate with the consumer or lender on loan
      terms (including rates, fees, and other costs). (D) does not include a person or entity that only performs
      real estate brokerage activities and is licensed or registered in accordance with applicable State law, unless
      such person or entity is compensated by a lender, a mortgage broker, or other mortgage originator or by any
      agent of such lender, mortgage broker, or other mortgage originator ; (E) does not include, with respect to
      a residential mortgage loan , a person, estate, or trust that provides mortgage financing for the sale of
      3 properties in any 12-month period to purchasers of such properties, each of which is owned by such person,
      estate, or trust and serves as security for the loan, provided that such loan—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-i
  canonical_id: tila-15usc-1602-i
  section: 15 U.S.C. §1602(i)
  description: 'Definitions and rules of construction — (i): (i) is not made by a person , estate, or trust that
    has constructed, or acted as a contractor for the construction of, a residence on the property in the ordinary
    course of business of such person , estate, or trust; (ii) is fully amortizing; (iii) is with respect to a sale
    for which the seller dete…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: (i) is not made by a person , estate, or trust that has constructed, or acted as a contractor
      for the construction of, a residence on the property in the ordinary course of business of such person , estate,
      or trust; (ii) is fully amortizing; (iii) is with respect to a sale for which the seller determines in good
      faith and documents that the buyer has a reasonable ability to repay the loan; (iv) has a fixed rate or an
      adjustable rate that is adjustable after 5 or more years, subject to reasonable annual and lifetime limitations
      on interest rate increases; and
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (i) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1602-v
  canonical_id: tila-15usc-1602-v
  section: 15 U.S.C. §1602(v)
  description: 'Definitions and rules of construction — (v): (v) meets any other criteria the Board may prescribe;
    (F) does not include the creditor (except the creditor in a table-funded transaction) under paragraph (1), (2),
    or (4) of section 1639b(c) of this title ; and (G) does not include a servicer or servicer employees, agents
    and contractors, includin…'
  type: definition
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1602
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1602
    snapshot_id: 0bf5af7538cae868
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:00d6bea873969ff985815b7f2e2e461ecd49aeba309fb3211ba935ecf77ca133
    paragraph_quote: '(v) meets any other criteria the Board may prescribe; (F) does not include the creditor (except
      the creditor in a table-funded transaction) under paragraph (1), (2), or (4) of section 1639b(c) of this title
      ; and (G) does not include a servicer or servicer employees, agents and contractors, including but not limited
      to those who offer or negotiate terms of a residential mortgage loan for purposes of renegotiating, modifying,
      replacing and subordinating principal of existing mortgages where borrowers are behind in their payments,
      in default or have a reasonable likelihood of being in default or falling behind. (3) Nationwide mortgage
      licensing system and registry.— The term “ Nationwide Mortgage Licensing System and Registry ” has the same
      meaning as in the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 [ 12 U.S.C. 5101 et seq.].
      (4) Other definitions relating to mortgage originator.— For purposes of this subsection, a person “assists
      a consumer in obtaining or applying to obtain a residential mortgage loan ” by, among other things, advising
      on residential mortgage loan terms (including rates, fees, and other costs), preparing residential mortgage
      loan packages, or collecting information on behalf of the consumer with regard to a residential mortgage loan
      . (5) Residential mortgage loan.— The term “ residential mortgage loan ” means any consumer credit transaction
      that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling
      or on residential real property that includes a dwelling, other than a consumer credit transaction under an
      open end credit plan or, for purposes of sections 1639b and 1639c of this title and section 1638(a) (16),
      (17), (18), and (19) of this title, and sections 1638(f) and 1640(k) of this title, and any regulations promulgated
      thereunder, an extension of credit relating to a plan described in section 101(53D) of title 11. (6) Secretary.—
      The term “ Secretary ”, when used in connection with any transaction or person involved with a residential
      mortgage loan , means the Secretary of Housing and Urban Development. (7) Servicer.— The term “ servicer ”
      has the same meaning as in section 2605(i)(2) of title 12 . (ee) Bona Fide Discount Points and Prepayment
      Penalties.— For the purposes of determining the amount of points and fees for purposes of subsection (aa),
      either the amounts described in paragraph (1) or (2) of the following paragraphs, but not both, shall be excluded:
      (1) Up to and including 2 bona fide discount points payable by the consumer in connection with the mortgage,
      but only if the interest rate from which the mortgage’s interest rate will be discounted does not exceed by
      more than 1 percentage point— (A) the average prime offer rate, as defined in section 1639c of this title
      ; or (B) if secured by a personal property loan, the average rate on a loan in connection with which insurance
      is provided under title I of the National Housing Act ( 12 U.S.C. 1702 et seq.). (2) Unless 2 bona fide discount
      points have been excluded under paragraph (1), up to and including 1 bona fide discount point payable by the
      consumer in connection with the mortgage, but only if the interest rate from which the mortgage’s interest
      rate will be discounted does not exceed by more than 2 percentage points— (A) the average prime offer rate,
      as defined in section 1639c of this title ; or (B) if secured by a personal property loan, the average rate
      on a loan in connection with which insurance is provided under title I of the National Housing Act ( 12 U.S.C.
      1702 et seq.). (3) For purposes of paragraph (1), the term “bona fide discount points” means loan discount
      points which are knowingly paid by the consumer for the purpose of reducing, and which in fact result in a
      bona fide reduction of, the interest rate or time-price differential applicable to the mortgage. (4) Paragraphs
      (1) and (2) shall not apply to discount points used to purchase an interest rate reduction unless the amount
      of the interest rate reduction purchased is reasonably consistent with established industry norms and practices
      for secondary mortgage market transactions. ( Pub. L. 90–321, title I, § 103 , May 29, 1968 , 82 Stat. 147
      ; Pub. L. 91–508, title V, § 501 , Oct. 26, 1970 , 84 Stat. 1126 ; Pub. L. 93–495, title III, § 303 , Oct.
      28, 1974 , 88 Stat. 1511 ; Pub. L. 94–222, § 3(a) , Feb. 27, 1976 , 90 Stat. 197 ; Pub. L. 96–221, title VI
      , §§ 602, 603(a), (b), 604, 612(a)(2), (b), Mar. 31, 1980 , 94 Stat. 168 , 169, 175, 176; Pub. L. 97–25, title
      I, § 102 , July 27, 1981 , 95 Stat. 144 ; Pub. L. 97–320, title VII, § 702(a) , Oct. 15, 1982 , 96 Stat. 1538
      ; Pub. L. 103–325, title I , §§ 152(a)–(c), 154(a), Sept. 23, 1994 , 108 Stat. 2190 , 2191, 2196; Pub. L.
      110–315, title X, § 1011(b) , Aug. 14, 2008 , 122 Stat. 3481 ; Pub. L. 111–24, title I, § 108 , May 22, 2009
      , 123 Stat. 1743 ; Pub. L. 111–203, title X, § 1100A(1) , (2), title XIV, §§ 1401, 1431, July 21, 2010 , 124
      Stat. 2107 , 2137, 2157; Pub. L. 115–174, title I, § 107 , May 24, 2018 , 132 Stat. 1304 .)'
    drafter_attestation: Verbatim slice of 15 U.S.C. §1602 subsection (v) from Cornell LII snapshot 0bf5af7538cae868;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
