OPEN-END CREDIT

“Clear and conspicuous”

WrittenIn a form the

member can keep

GENERAL DISCLOSURE REQUIREMENTS

What to do about:Unknown Information?Multiple Applicants?Formatting?

GENERAL DISCLOSURE REQUIREMENTS

Periodic Statements

AccuracyOral Disclosures

ANNUAL PERCENTAGE RATE

ACCOUNT OPENING DISCLOSURES

Format: Table Bolding No Bolding

ACCOUNT OPENING DISCLOSURES

APRsVariable Rate Information Introductory RatesPremium RatesPenalty RatesFees for Issuance or AvailabilityFixed Finance Charges/Minimum Interest ChargeTransaction ChargesGrace PeriodFeesWebsite Reference

TABLE CONTENTS

Introductory Rate InformationEmployee Preferential Rate InformationBalance Computation MethodBilling Error Rights Reference

BELOW THE TABLE

Charges imposed as part of the planBalance Computation MethodVariable Rate InformationVoluntary Credit InsuranceSecurity InterestsStatement of Billing Rights

DISCLOSURES IN THE AGREEMENT

PERIODIC STATEMENTS

PERIODIC STATEMENTS

General RulesTiming

Previous Balance Identification of TransactionsCreditsPeriodic RatesBalance on Which the Finance Charge is ComputedCharges ImposedChange-in-TermsGrace PeriodBilling Error AddressClosing Date of Billing Cycle and New BalanceDeferred Interest Disclosure

CONTENT

Annual StatementAlternative

Summary Statement

STATEMENT OF BILLING RIGHTS

Disclosures are dependent on:The account typeThe device or feature off eredThe time frame in which the device is off eredThe off er terms

SUPPLEMENTAL CREDIT ACCESS DEVICES

TimingMember Agreement to ChangeRequired ContentFormatting RequirementsExceptionsReductions in the Credit LimitRate Increases due to Delinquency or Default

CHANGE IN TERMS

General Information

Payment Specifications

Non-Conforming Payments

AdjustmentsCredit BalancesAccount

Termination

PAYMENTS

DefinitionNoticeTime Frame for ResolutionRules Pending ResolutionProcedures if an Error OccurredProcedures if an Error Did Not OccurDuties after ResolutionRe-assertion of a Claim

BILLING ERRORS

Key Concepts:Existence of a PlanRepeated TransactionsReusable LineCredit VerificationsVerification of Collateral Value

MULTI-FEATURE OPEN-ENDED LENDING