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

15 U.S.C. 1638: Transactions other than under an open end credit plan

Created in 1968 by Public Law 90-321. Changed by 7 later laws. No bill we track in this Congress changes it.

5 other sections of the Code cite this one, including 15 U.S.C. 1640, 20 U.S.C. 1019a, 20 U.S.C. 1019b, 20 U.S.C. 1019d, 20 U.S.C. 1094.

2 parts of federal rules cite it as their authority, written by Consumer Financial Protection Bureau (2).

This Congress

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

    How it got here

    2010

    • Pub. L. 111–203, §1100A(2), substituted "Bureau" for "Board" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text
    • Pub. L. 111–203, §1419, added pars. (16) to (19). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
    • Pub. L. 111–203, §1465, added par. (4). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (b)
    • Pub. L. 111–203, §1420, added subsec. (f). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (f)

    2008

    • Pub. L. 110–289, §2502(a)(1), designated existing provisions as subpar. (A). (Housing and Economic Recovery Act of 2008) Law text · (b)
    • Pub. L. 110–343, §130(a)(1), substituted "Except as provided in subparagraph (G), in the case" for "In the case". (Emergency Economic Stabilization Act of 2008) Law text · (b)
    • Pub. L. 110–289, §2502(a)(5), (6), struck out ", whichever is earlier" after "consummation of the transaction" and "If the disclosure statement furnished within three days of the written application contains an annual percentage rate which is subsequently rendered inaccurate within the meaning of s… (Housing and Economic Recovery Act of 2008) Law text · (b)
    • Pub. L. 110–289, §2502(a)(4), which directed insertion of ", which shall be at least 7 business days before consummation of the transaction" after "written application", was executed by making the insertion after "written application" the first place appearing. (Housing and Economic Recovery Act of 2008) Law text · (b)
    • Pub. L. 110–289, §2502(a)(2), (3), substituted "any extension of credit that is secured by the dwelling of a consumer" for "a residential mortgage transaction, as defined in section 1602(w) of this title" and "and" for "before the credit is extended, or". (Housing and Economic Recovery Act of 2008) Law text · (b)
    • Pub. L. 110–289, §2502(a)(6), added subpars. (B) to (F). (Housing and Economic Recovery Act of 2008) Law text · (b)
    • Pub. L. 110–343, §130(a)(2), amended subpar. (G) generally. Prior to amendment, subpar. (G) read as follows: "The requirements of subparagraphs (B), (C), (D) and (E) shall not apply to extensions of credit relating to plans described in section 101(53D) of title 11." (Emergency Economic Stabilization Act of 2008) Law text · (b)
    • Pub. L. 110–289, §2502(a)(6), added subpar. (G). (Housing and Economic Recovery Act of 2008) Law text · (b)
    • Pub. L. 110–315 added subsec. (e). (Higher Education Opportunity Act) Law text · (e)

    2005

    • Pub. L. 109–8, §1302(b)(1)(A), added par. (15). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (a)
    • Pub. L. 109–8, §1302(b)(1)(B), added par. (3). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (b)

    1996

    • Pub. L. 104–208 added par. (14). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a)

    1980

    • Pub. L. 96–221, §614(a), substituted provisions setting forth required disclosures by the creditor for transactions other than under an open end credit plan, for provisions setting forth required disclosures by the creditor for sales not under open end credit plans. · (a)
    • Pub. L. 96–221, §614(b), designated existing provisions as par. (1), inserted provisions relating to the conspicuous segregation of required disclosures, and struck out provisions authorizing the required information to be disclosed in the signed evidence of indebtedness, and added par… · (b)
    • Pub. L. 96–221, §614(c), designated existing provisions as par. (1), substituted "total sale" for "deferred payment", and added par. (2). · (c)

    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.