Requirements / 3c19532abf2371ce
This is a normalized obligation summary extracted deterministically from regulatory text. The structured fields below are parsed from the source—not AI-generated summaries.
Mandatory FINAL

Obligation Structure

Actor
creditor
Modality
Mandatory
Duty
ceases to be exempt
Conditions
if an open-end credit account ceases to be exempt

Source Text

For example, if an open-end credit account ceases to be exempt, the creditor must within a reasonable period of time provide the disclosures required by § 1026.6 reflecting the current terms of the account and begin to provide periodic statements consistent with § 1026.7.
Source Document: 2024-23275
Agency: Federal Reserve System
CFR Parts: 12 CFR 226, 12 CFR 1026
Requirement Type: other

Lifecycle History

2/11/2026 ADDED — → FINAL 2024-23275
2/9/2026 ADDED — → FINAL 2025-22814

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Stable ID: 3c19532abf2371ce