TILA (Truth in Lending Act, 15 U.S.C.) § 1651 — Procedure for timely settlement of estates of decedent obligors

tila-15usc-1651

TILA (Truth in Lending Act, 15 U.S.C.), §1651 Procedure for timely settlement of estates of decedent obligors. Captured section-complete from Cornell LII (verbatim).

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Verbatim provisions from TILA (Truth in Lending Act, 15 U.S.C.) § 1651 — Procedure for timely settlement of estates of decedent obligors — 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.

15 U.S.C. §1651

The Bureau, in consultation with the Bureau [1] and each other agency referred to in section 1607(a) of this title , shall prescribe regulations to require any creditor, with respect to any credit card account under an open end consumer credit plan, to establish procedures to ensure that any administrator of an estate of any deceased obligor with respect to such account can resolve outstanding credit balances in a timely manner. ( Pub. L. 90–321, title I, § 140A , as added Pub. L. 111–24, title V, § 504(a) , May 22, 2009 , 123 Stat. 1756 ; amended Pub. L. 111–203, title X, § 1100A(2) , (3), July 21, 2010 , 124 Stat. 2107 .) [1] So in original.

Source: TILA (Truth in Lending Act, 15 U.S.C.) § 1651 · source URL · snapshot d7051fe18551493d