Payday, Vehicle Title, and Certain High-Cost Installment Loans

The Bureau's regulation at 12 CFR 1041 applies to non-depository institutions and loan brokers engaged in consumer lending, credit intermediation activities, or activities related to credit intermediation, along with banks and credit unions that make loans that are subject to the rule. The purpose of this rule is to identify certain unfair and abusive acts or practices in connection with certain consumer credit transactions, to set forth requirements for preventing such acts or practices, and to provide certain partial conditional exemptions from aspects of this rule. This rule also contains requirements to ensure that the features of those consumer credit transactions are fully, accurately, and effectively disclosed to consumers.

The latest form for Payday, Vehicle Title, and Certain High-Cost Installment Loans expires 2023-09-30 and can be found here.