WHAT THE LAW DOINCongress, in plain words

The law › Title 15, Commerce and Trade › Chapter 41

15 U.S.C. 1605: Determination of finance charge

Created in 1968 by Public Law 90-321. Changed by 3 later laws. No bill we track in this Congress changes it.

7 other sections of the Code cite this one, including 12 U.S.C. 1735f–7a, 15 U.S.C. 1602, 15 U.S.C. 1607, 15 U.S.C. 1635, 15 U.S.C. 1638.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2010

    • Pub. L. 111–203 substituted "Bureau" for "Board" in introductory provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)

    1995

    • Pub. L. 104–29, §2(a), in introductory provisions inserted after second sentence "The finance charge shall not include fees and amounts imposed by third party closing agents (including settlement agents, attorneys, and escrow and title companies) if the creditor does not require the im… Law text · (a)
    • Pub. L. 104–29, §2(b)(1), added par. (6). Law text · (a)
    • Pub. L. 104–29, §2(c), added par. (3). Law text · (d)
    • Pub. L. 104–29, §2(d), amended par. (2) generally, substituting "loan-related" for "a deed, settlement statement, or other". Law text · (e)
    • Pub. L. 104–29, §2(e), inserted before period ", including fees related to any pest infestation or flood hazard inspections conducted prior to closing". Law text · (e)
    • Pub. L. 104–29, §3(a), added subsec. (f). Law text · (f)

    1980

    • Pub. L. 96–221, §606(a), inserted provisions excluding charges of a type payable in comparable cash transactions and indicated that pars. (1) to (5) are examples of charges. · (a)
    • Pub. L. 96–221, §606(b), struck out pars. (3) and (4) setting forth applicability to taxes and any other type of charge, respectively. · (d)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.