12 CFR 1011.1

§ 1011.1 General.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 1011.1, § 1011.1 General, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49399
Permanent ID: ys:prov:49399@1
SHA-256: cb468411c3d0036d52f6a2d3ac424b161fcc0a141ceee3198a18718133ba3510

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Full text

The purpose of this subpart A is to elaborate on the revocation rights in 15 U.S.C. 1703, by enumerating certain conditions under which purchasers may exercise revocation rights. Generally, whenever revocation rights are available, they apply to promissory notes, as well as traditional agreements.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.