---
kind: "section"
citation: "25 C.F.R. § 141.46"
title: "25"
number: "141.46"
heading: "Credit disclosure statements."
url: "https://uscodex.org/cfr/25/141.46"
---

# §141.46. Credit disclosure statements.


Upon approval of a credit application the lender shall give the applicant the following information where applicable in a written disclosure statement:

- (a) **The maximum credit limit of the account.**
- (b) The conditions under which a finance charge may be imposed.
- (c) The period in which payment may be made without incurring a finance charge.
- (d) **The method used in determining the balance on which the finance charge is calculated.**
- (e) **The method used to calculate the finance charge.**
- (f) **The periodic rates used and the range of balances to which each rate applies.**
- (g) The conditions under which additional charges may be made and the method for calculating those charges.
- (h) A description of any lien that may be acquired on a customer's property.
- (i) The minimum payment that must be made on each billing.

## Notes

### Authority

Authority: 5 U.S.C. 301; 25 U.S.C. 2 and 9; and Sec. 701, Pub. L. 114-74, 129 Stat. 599, unless otherwise noted.

### Source

Source: 40 FR 39835, Aug. 29, 1975, unless otherwise noted. Redesignated at 47 FR 13327, Mar. 30, 1982.