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Debt Cancellation Contracts and Debt Suspension Agreements

banking-occ · OCC · Rule · Published 2002-09-19 · Effective 2003-06-16 · 67 FR 58962

Document

Document number
02-23765
Federal Register citation
67 FR 58962
CFR reference
12 CFR 7
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
2002-09-19
Effective date
2003-06-16
Treasury docket
Docket No. 02-14

Abstract

The Office of the Comptroller of the Currency (OCC) is adding a new part 37 to its regulations that addresses debt cancellation contracts (DCCs) and debt suspension agreements (DSAs). The purpose of the final rule is to establish standards governing these products in order to ensure that national banks provide such products consistent with safe and sound banking practices and subject to appropriate consumer protections.

Source

Authoritative
Federal Register document
Machine
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