---
kind: "section"
citation: "25 C.F.R. § 141.47"
title: "25"
number: "141.47"
heading: "Monthly billing statement."
url: "https://uscodex.org/cfr/25/141.47"
---

# §141.47. Monthly billing statement.


On all credit accounts on which a finance charge may be imposed and for all other credit accounts when requested by the customer, a licensee shall issue a monthly billing statement to the customer stating the following information where applicable:

- (a) **The unpaid balance at the start of the billing period.**
- (b) The amount and date of each extension of credit and identification of each item costing more than ten dollars ($10).
- (c) **Payments made by a customer and other credits, including returns, rebates, and adjustments.**
- (d) **The finance charge shown in dollars and cents.**
- (e) The rates used in calculating the finance charge plus the range of balances to which the finance charge was calculated.
- (f) **The closing date of the billing cycle.**
- (g) **The unpaid balance at that time.**

## 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.