Requirements / 865c6d680ce0db16
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
minimizes any reduction in the amount subject to amount subject to
Conditions
when a consumer has asserted a claim or defense against a creditor pursuant to § 1026

Source Text

However, when a consumer has asserted a claim or defense against a creditor pursuant to § 1026.12(c), the creditor must apply any payment or other credit in a manner that avoids or minimizes any reduction in the amount subject to that claim or defense.
Source Document: 2024-29699
Agency: Consumer Financial Protection Bureau
CFR Parts: 12 CFR 1005, 12 CFR 1026
Requirement Type: other

Lifecycle History

2/10/2026 ADDED — → FINAL 2024-29699

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Stable ID: 865c6d680ce0db16