Code of Massachusetts Regulations
209 CMR - DIVISION OF BANKS AND LOAN AGENCIES
Title 209 CMR 32.00 - Disclosure Of Consumer Credit Costs And Terms
OPEN END CREDIT
Section 32.05 - General Disclosure Requirements
Universal Citation: 209 CMR 32.00 MA Code of Regs 32.05
Current through Register 1537, December 20, 2024
(1) Form of Disclosure. Compliance with 12 CFR 1026.5(a) constitutes compliance with 209 CMR 32.05(1).
(2) Time of Disclosures.
(a)
Account Opening Disclosures. Compliance with
12 CFR
1026.5(b)(1) constitutes
compliance with 209 CMR 32.05(2)(a).
(b)
Periodic
Statements. Compliance with
12 CFR
1026.5(b)(2) constitutes
compliance with 209 CMR 32.05(2)(b).
(c)
Credit and Charge Card
Application and Solicitation Disclosures. Compliance with
12 CFR
1026.5(b)(3) constitutes
compliance with 209 CMR 32.05(2)(c).
(d)
Home Equity
Plans. Compliance with
12 CFR
1026.5(b)(4) constitutes
compliance with 209 CMR 32.05(2)(d).
(3) Basis of Disclosures and Use of Estimates. Compliance with 12 CFR 1026.5(c) constitutes compliance with 209 CMR 32.05(3).
(4) Multiple Creditors; Multiple Consumers. Compliance with 12 CFR 1026.5(d) constitutes compliance with 209 CMR 32.05(4).
(5) Effect of Subsequent Events. Compliance with 12 CFR 1026.5(e) constitutes compliance with 209 CMR 32.05(5).
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