1026.9 - Subsequent Disclosure Requirements

Question 1

Furnishing Statement of Billing Rights

Answer 1

Issuer should send either to all customers or to each customer subject to periodic stmt of one billing cycle the billing rights spoken in 26.5. If latter method, does not have to be all at once and can be broken up.

Question 2

Atl Billing Rights Statement

Answer 2

Instead of sending one unique billing rights, issuer can send a model statement (alternative rights) with each statement mailed/delivered.
- If making a change, alt summary must be sent within 12 months of standard (long) form.

Question 3

Disclo. for Added Credit Feature

Answer 3

• Regardless of timing after AOX, if credit feature added or delivered with different APR, disclo. must be presented prior to AH’s first use. (26.6(b)(3))
• If credit feature with same APR added/sent within 30 days of delivering account opening disclo, then no further disclo required.
• If after 30 days (even if same APR), must disclose prior to AH’s first use of feature

Question 4

Checks that Access Credit Card Acct

Answer 4

If checks provided within 30 days of AOX Disclosures with different FC terms or in general after 30 days of AOX, disclosures must fit G-19 of Appendix G

Question 5

Change in Terms - Items Initially Disclosed

Answer 5

Items such as rate expirations/changes, fees do not need to be disclosed as CIT if initially and accurately disclosed during AOX.