Limitations on Terms of Consumer Credit Extended to Service Members and Dependents
personnel · US Department of Defense · Rule · Published 2007-08-31 · 72 FR 50580
Document
Document number
07-4264
Federal Register citation
72 FR 50580
CFR reference
32 CFR 232
Type
Rule
Action
Final rule.
Category
personnel
Sub-agency
US Department of Defense
Publication date
2007-08-31
DOD docket
DOD-2006-OS-0216
Abstract
The Department of Defense (the Department or DoD) is amending 32 CFR by adding new regulations to implement the consumer protections provisions of Public Law 109-364, the John Warner National Defense Authorization Act for Fiscal Year 2007, section 670, "Limitations on Terms of Consumer Credit Extended to Service Members and Dependents" (October 17, 2006). Section 670 requires the Secretary of Defense to prescribe regulations to carry out the new section. The final rule regulates the terms of certain credit extensions to active duty service members and their dependents.