source:
  type: regulation
  id: tila-15usc-1607
  authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1607 — Administrative enforcement
  description: 'TILA (Truth in Lending Act, 15 U.S.C.), §1607 Administrative enforcement. Captured section-complete
    from Cornell LII (verbatim).

    '
obligations:
- id: tila-15usc-1607-a
  canonical_id: tila-15usc-1607-a
  section: 15 U.S.C. §1607(a)
  description: 'Administrative enforcement — (a): (a) Enforcing agencies Subject to subtitle B of the Consumer Financial
    Protection Act of 2010 [ 12 U.S.C. 5511 et seq.], compliance with the requirements imposed under this subchapter
    shall be enforced under— (1) section 8 of the Federal Deposit Insurance Act [ 12 U.S.C. 1818 ], by the appropriate
    F…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1607
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1607
    snapshot_id: e91bd6f90afaefa1
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8f5520bd6e93bfdb525ff8fef11911540b9bbea7efe0f29e951561bd2e392a06
    paragraph_quote: (a) Enforcing agencies Subject to subtitle B of the Consumer Financial Protection Act of 2010
      [ 12 U.S.C. 5511 et seq.], compliance with the requirements imposed under this subchapter shall be enforced
      under— (1) section 8 of the Federal Deposit Insurance Act [ 12 U.S.C. 1818 ], by the appropriate Federal banking
      agency, as defined in section 3(q) of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(q) ), with respect
      to— (A) national banks, Federal savings associations, and Federal branches and Federal agencies of foreign
      banks; (B) member banks of the Federal Reserve System (other than national banks), branches and agencies of
      foreign banks (other than Federal branches, Federal agencies, and insured State branches of foreign banks),
      commercial lending companies owned or controlled by foreign banks, and organizations operating under section
      25 or 25A of the Federal Reserve Act [ 12 U.S.C. 601 et seq., 611 et seq.]; and (C) banks and State savings
      associations insured by the Federal Deposit Insurance Corporation (other than members of the Federal Reserve
      System ), and insured State branches of foreign banks; (2) the Federal Credit Union Act [ 12 U.S.C. 1751 et
      seq.], by the Director of the National Credit Union Administration , with respect to any Federal credit union;
      (3) part A of subtitle VII of title 49, by the Secretary of Transportation, with respect to any air carrier
      or foreign air carrier subject to that part; (4) the Packers and Stockyards Act, 1921 [ 7 U.S.C. 181 et seq.]
      (except as provided in section 406 of that Act [ 7 U.S.C. 226 , 227]), by the Secretary of Agriculture, with
      respect to any activities subject to that Act; (5) the Farm Credit Act of 1971 [ 12 U.S.C. 2001 et seq.],
      by the Farm Credit Administration with respect to any Federal land bank, Federal land bank association, Federal
      intermediate credit bank, or production credit association; and (6) subtitle E of the Consumer Financial Protection
      Act of 2010 [ 12 U.S.C. 5561 et seq.], by the Bureau, with respect to any person subject to this subchapter.
      (7) sections 21B and 21C of the Securities Exchange Act of 1934 [ 15 U.S.C. 78u–2 , 78u–3], in the case of
      a broker or dealer, other than a depository institution, by the Securities and Exchange Commission .
    drafter_attestation: Verbatim slice of 15 U.S.C. §1607 subsection (a) from Cornell LII snapshot e91bd6f90afaefa1;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1607-b
  canonical_id: tila-15usc-1607-b
  section: 15 U.S.C. §1607(b)
  description: 'Administrative enforcement — (b): (b) Violations of this subchapter deemed violations of pre-existing
    statutory requirements; additional agency powers For the purpose of the exercise by any agency referred to in
    subsection (a) of its powers under any Act referred to in that subsection, a violation of any requirement imposed
    under th…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1607
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1607
    snapshot_id: e91bd6f90afaefa1
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8f5520bd6e93bfdb525ff8fef11911540b9bbea7efe0f29e951561bd2e392a06
    paragraph_quote: (b) Violations of this subchapter deemed violations of pre-existing statutory requirements;
      additional agency powers For the purpose of the exercise by any agency referred to in subsection (a) of its
      powers under any Act referred to in that subsection, a violation of any requirement imposed under this subchapter
      shall be deemed to be a violation of a requirement imposed under that Act. In addition to its powers under
      any provision of law specifically referred to in subsection (a), each of the agencies referred to in that
      subsection may exercise, for the purpose of enforcing compliance with any requirement imposed under this subchapter,
      any other authority conferred on it by law.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1607 subsection (b) from Cornell LII snapshot e91bd6f90afaefa1;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1607-c
  canonical_id: tila-15usc-1607-c
  section: 15 U.S.C. §1607(c)
  description: 'Administrative enforcement — (c): (c) Overall enforcement authority of the Federal Trade Commission
    Except to the extent that enforcement of the requirements imposed under this subchapter is specifically committed
    to some other Government agency under any of paragraphs (1) through (5) of subsection (a), and subject to subtitle
    B of …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1607
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1607
    snapshot_id: e91bd6f90afaefa1
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8f5520bd6e93bfdb525ff8fef11911540b9bbea7efe0f29e951561bd2e392a06
    paragraph_quote: (c) Overall enforcement authority of the Federal Trade Commission Except to the extent that
      enforcement of the requirements imposed under this subchapter is specifically committed to some other Government
      agency under any of paragraphs (1) through (5) of subsection (a), and subject to subtitle B of the Consumer
      Financial Protection Act of 2010 [ 12 U.S.C. 5511 et seq.], the Federal Trade Commission shall be authorized
      to enforce such requirements. For the purpose of the exercise by the Federal Trade Commission of its functions
      and powers under the Federal Trade Commission Act [ 15 U.S.C. 41 et seq.], a violation of any requirement
      imposed under this subchapter shall be deemed a violation of a requirement imposed under that Act. All of
      the functions and powers of the Federal Trade Commission under the Federal Trade Commission Act are available
      to the Federal Trade Commission to enforce compliance by any person with the requirements under this subchapter,
      irrespective of whether that person is engaged in commerce or meets any other jurisdictional tests under the
      Federal Trade Commission Act .
    drafter_attestation: Verbatim slice of 15 U.S.C. §1607 subsection (c) from Cornell LII snapshot e91bd6f90afaefa1;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1607-d
  canonical_id: tila-15usc-1607-d
  section: 15 U.S.C. §1607(d)
  description: 'Administrative enforcement — (d): (d) Rules and regulations The authority of the Bureau to issue
    regulations under this subchapter does not impair the authority of any other agency designated in this section
    to make rules respecting its own procedures in enforcing compliance with requirements imposed under this subchapter.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1607
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1607
    snapshot_id: e91bd6f90afaefa1
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8f5520bd6e93bfdb525ff8fef11911540b9bbea7efe0f29e951561bd2e392a06
    paragraph_quote: (d) Rules and regulations The authority of the Bureau to issue regulations under this subchapter
      does not impair the authority of any other agency designated in this section to make rules respecting its
      own procedures in enforcing compliance with requirements imposed under this subchapter.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1607 subsection (d) from Cornell LII snapshot e91bd6f90afaefa1;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1607-e
  canonical_id: tila-15usc-1607-e
  section: 15 U.S.C. §1607(e)
  description: 'Administrative enforcement — (e): (e) Adjustment of finance charges; procedures applicable, coverage,
    criteria, etc. (1) In carrying out its enforcement activities under this section, each agency referred to in
    subsection (a) or (c), in cases where an annual percentage rate or finance charge was inaccurately disclosed,
    shall notify …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1607
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1607
    snapshot_id: e91bd6f90afaefa1
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8f5520bd6e93bfdb525ff8fef11911540b9bbea7efe0f29e951561bd2e392a06
    paragraph_quote: (e) Adjustment of finance charges; procedures applicable, coverage, criteria, etc. (1) In carrying
      out its enforcement activities under this section, each agency referred to in subsection (a) or (c), in cases
      where an annual percentage rate or finance charge was inaccurately disclosed, shall notify the creditor of
      such disclosure error and is authorized in accordance with the provisions of this subsection to require the
      creditor to make an adjustment to the account of the person to whom credit was extended, to assure that such
      person will not be required to pay a finance charge in excess of the finance charge actually disclosed or
      the dollar equivalent of the annual percentage rate actually disclosed, whichever is lower. For the purposes
      of this subsection, except where such disclosure error resulted from a willful violation which was intended
      to mislead the person to whom credit was extended, in determining whether a disclosure error has occurred
      and in calculating any adjustment, (A) each agency shall apply (i) with respect to the annual percentage rate,
      a tolerance of one-quarter of 1 percent more or less than the actual rate, determined without regard to section
      1606(c) of this title , and (ii) with respect to the finance charge, a corresponding numerical tolerance as
      generated by the tolerance provided under this subsection for the annual percentage rate; except that (B)
      with respect to transactions consummated after two years following March 31, 1980 , each agency shall apply
      (i) for transactions that have a scheduled amortization of ten years or less, with respect to the annual percentage
      rate, a tolerance not to exceed one-quarter of 1 percent more or less than the actual rate, determined without
      regard to section 1606(c) of this title , but in no event a tolerance of less than the tolerances allowed
      under section 1606(c) of this title , (ii) for transactions that have a scheduled amortization of more than
      ten years, with respect to the annual percentage rate, only such tolerances as are allowed under section 1606(c)
      of this title , and (iii) for all transactions, with respect to the finance charge, a corresponding numerical
      tolerance as generated by the tolerances provided under this subsection for the annual percentage rate. (2)
      Each agency shall require such an adjustment when it determines that such disclosure error resulted from (A)
      a clear and consistent pattern or practice of violations, (B) gross negligence, or (C) a willful violation
      which was intended to mislead the person to whom the credit was extended. Notwithstanding the preceding sentence,
      except where such disclosure error resulted from a willful violation which was intended to mislead the person
      to whom credit was extended, an agency need not require such an adjustment if it determines that such disclosure
      error— (A) resulted from an error involving the disclosure of a fee or charge that would otherwise be excludable
      in computing the finance charge , including but not limited to violations involving the disclosures described
      in sections 1605(b), (c) and (d) of this title, in which event the agency may require such remedial action
      as it determines to be equitable, except that for transactions consummated after two years after March 31,
      1980 , such an adjustment shall be ordered for violations of section 1605(b) of this title ; (B) involved
      a disclosed amount which was 10 per centum or less of the amount that should have been disclosed and (i) in
      cases where the error involved a disclosed finance charge , the annual percentage rate was disclosed correctly,
      and (ii) in cases where the error involved a disclosed annual percentage rate , the finance charge was disclosed
      correctly; in which event the agency may require such adjustment as it determines to be equitable; (C) involved
      a total failure to disclose either the annual percentage rate or the finance charge, in which event the agency
      may require such adjustment as it determines to be equitable; or (D) resulted from any other unique circumstance
      involving clearly technical and nonsubstantive disclosure violations that do not adversely affect information
      provided to the consumer and that have not misled or otherwise deceived the consumer. In the case of other
      such disclosure errors, each agency may require such an adjustment. (3) Notwithstanding paragraph (2), no
      adjustment shall be ordered— (A) if it would have a significantly adverse impact upon the safety or soundness
      of the creditor , but in any such case, the agency may—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1607 subsection (e) from Cornell LII snapshot e91bd6f90afaefa1;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1607-i
  canonical_id: tila-15usc-1607-i
  section: 15 U.S.C. §1607(i)
  description: 'Administrative enforcement — (i): (i) require a partial adjustment in an amount which does not have
    such an impact; or (ii) require the full adjustment, but permit the creditor to make the required adjustment
    in partial payments over an extended period of time which the agency considers to be reasonable, if (in the
    case of an agency…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1607
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1607
    snapshot_id: e91bd6f90afaefa1
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8f5520bd6e93bfdb525ff8fef11911540b9bbea7efe0f29e951561bd2e392a06
    paragraph_quote: '(i) require a partial adjustment in an amount which does not have such an impact; or (ii)
      require the full adjustment, but permit the creditor to make the required adjustment in partial payments over
      an extended period of time which the agency considers to be reasonable, if (in the case of an agency referred
      to in paragraph (1), (2), or (3) of subsection (a)), the agency determines that a partial adjustment or making
      partial payments over an extended period is necessary to avoid causing the creditor to become undercapitalized
      pursuant to section 38 of the Federal Deposit Insurance Act [ 12 U.S.C. 1831 o]; (B) the [1] amount of the
      adjustment would be less than $1, except that if more than one year has elapsed since the date of the violation,
      the agency may require that such amount be paid into the Treasury of the United States, or (C) except where
      such disclosure error resulted from a willful violation which was intended to mislead the person to whom credit
      was extended, in the case of an open-end credit plan, more than two years after the violation, or in the case
      of any other extension of credit , as follows:'
    drafter_attestation: Verbatim slice of 15 U.S.C. §1607 subsection (i) from Cornell LII snapshot e91bd6f90afaefa1;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1607-i
  canonical_id: tila-15usc-1607-i
  section: 15 U.S.C. §1607(i)
  description: 'Administrative enforcement — (i): (i) with respect to creditors that are subject to examination
    by the agencies referred to in paragraphs (1) through (3) of subsection (a) of this section, except in connection
    with violations arising from practices identified in the current examination and only in connection with transactions
    that a…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1607
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1607
    snapshot_id: e91bd6f90afaefa1
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:8f5520bd6e93bfdb525ff8fef11911540b9bbea7efe0f29e951561bd2e392a06
    paragraph_quote: (i) with respect to creditors that are subject to examination by the agencies referred to in
      paragraphs (1) through (3) of subsection (a) of this section, except in connection with violations arising
      from practices identified in the current examination and only in connection with transactions that are consummated
      after the date of the immediately preceding examination, except that where practices giving rise to violations
      identified in earlier examinations have not been corrected, adjustments for those violations shall be required
      in connection with transactions consummated after the date of examination in which such practices were first
      identified; (ii) with respect to creditors that are not subject to examination by such agencies, except in
      connection with transactions that are consummated after May 10, 1978 ; and (iii) in no event after the later
      of (I) the expiration of the life of the credit extension, or (II) two years after the agreement to extend
      credit was consummated. (4) (A) Notwithstanding any other provision of this section, an adjustment under this
      subsection may be required by an agency referred to in subsection (a) or (c) only by an order issued in accordance
      with cease and desist procedures provided by the provision of law referred to in such subsections. (B) In
      case of an agency which is not authorized to conduct cease and desist proceedings, such an order may be issued
      after an agency hearing on the record conducted at least thirty but not more than sixty days after notice
      of the alleged violation is served on the creditor . Such a hearing shall be deemed to be a hearing which
      is subject to the provisions of section 8(h) of the Federal Deposit Insurance Act [ 12 U.S.C. 1818(h) ] and
      shall be subject to judicial review as provided therein. (5) Except as otherwise specifically provided in
      this subsection and notwithstanding any provision of law referred to in subsection (a) or (c), no agency referred
      to in subsection (a) or (c) may require a creditor to make dollar adjustments for errors in any requirements
      under this subchapter, except with regard to the requirements of section 1666d of this title . (6) A creditor
      shall not be subject to an order to make an adjustment, if within sixty days after discovering a disclosure
      error, whether pursuant to a final written examination report or through the creditor ’s own procedures, the
      creditor notifies the person concerned of the error and adjusts the account so as to assure that such person
      will not be required to pay a finance charge in excess of the finance charge actually disclosed or the dollar
      equivalent of the annual percentage rate actually disclosed, whichever is lower. (7) Notwithstanding the second
      sentence of subsection (e)(1), subsection (e)(3)(C)(i), and subsection (e)(3)(C)(ii), each agency referred
      to in subsection (a) or (c) shall require an adjustment for an annual percentage rate disclosure error that
      exceeds a tolerance of one quarter of one percent less than the actual rate, determined without regard to
      section 1606(c) of this title , with respect to any transaction consummated between January 1, 1977 , and
      March 31, 1980 . ( Pub. L. 90–321, title I, § 108 , May 29, 1968 , 82 Stat. 150 ; Pub. L. 91–206, § 3 , Mar.
      10, 1970 , 84 Stat. 49 ; Pub. L. 93–495, title IV, § 403 , Oct. 28, 1974 , 88 Stat. 1517 ; Pub. L. 95–630,
      title V, § 501 , Nov. 10, 1978 , 92 Stat. 3680 ; Pub. L. 96–221, title VI, § 608(a) , (c), Mar. 21, 1980 ,
      94 Stat. 171 , 173; Pub. L. 98–443, § 9(n) , Oct. 4, 1984 , 98 Stat. 1708 ; Pub. L. 101–73, title VII, § 744(k)
      , Aug. 9, 1989 , 103 Stat. 439 ; Pub. L. 102–242, title II, § 212(b) , Dec. 19, 1991 , 105 Stat. 2299 ; Pub.
      L. 102–550, title XVI, § 1604(a)(5) , Oct. 28, 1992 , 106 Stat. 4082 ; Pub. L. 104–208, div. A, title II,
      § 2106 , Sept. 30, 1996 , 110 Stat. 3009–402 ; Pub. L. 111–203, title X, § 1100A(2) , (8), title XIV, § 1414(b),
      July 21, 2010 , 124 Stat. 2107 , 2108, 2152.) [1] So in original. Probably should be preceded by “if”.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1607 subsection (i) from Cornell LII snapshot e91bd6f90afaefa1;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
