12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB) § 1026.26 — Use of annual percentage rate in oral disclosures

reg-z-1026-26

12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB), §1026.26 Use of annual percentage rate in oral disclosures. Captured section-complete (all subsections verbatim).

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Verbatim regulatory text (2)

Verbatim provisions from 12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB) § 1026.26 — Use of annual percentage rate in oral disclosures — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

12 CFR §1026.26(a)

(a) Open-end credit. In an oral response to a consumer's inquiry about the cost of open-end credit, only the annual percentage rate or rates shall be stated, except that the periodic rate or rates also may be stated. If the annual percentage rate cannot be determined in advance because there are finance charges other than a periodic rate, the corresponding annual percentage rate shall be stated, and other cost information may be given.

Source: 12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB) § 1026.26 · source URL · snapshot 2f0bd06c71cf3f0e

12 CFR §1026.26(b)

(b) Closed-end credit. In an oral response to a consumer's inquiry about the cost of closed-end credit, only the annual percentage rate shall be stated, except that a simple annual rate or periodic rate also may be stated if it is applied to an unpaid balance. If the annual percentage rate cannot be determined in advance, the annual percentage rate for a sample transaction shall be stated, and other cost information for the consumer's specific transaction may be given.

Source: 12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB) § 1026.26 · source URL · snapshot 2f0bd06c71cf3f0e

Operationalizing 12 CFR Part 1026 — Regulation Z (Truth in Lending Act, CFPB) § 1026.26 — Use of annual percentage rate in oral disclosures

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/reg-z-1026-26/ · register reg-z-1026-26 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.