Regulation W, issued by the Federal Reserve Board, governs consumer credit for instalment sales and loans. It sets rules for down payments, instalment amounts, intervals, and maturities, as well as requirements for registration and licensing. The regulation also outlines exemptions for certain types of credits, such as business or agricultural loans. Additionally, it prohibits loans to make down payments and requires statements from borrowers. The regulation applies to transactions made after December 1, 1946.

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Federal Reserve Regulation W: Consumer Credit Guidelines and Requirements

Identifier:
CAC_CC_047_1_3_12_0001
Contributing Institution:
Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
Title:
Federal Reserve Regulation W: Consumer Credit Guidelines and Requirements
Date Created:
1946-01-01
EDTF:
1946-01-01
Creator:
unknown
Rights:
http://rightsstatements.org/vocab/NKC/1.0/
Language:
eng
Record Type:
correspondence
Collection:
George B. Schwabe Collection
Collection Finding Aid:
https://arc.libraryhost.com/repositories/3/resources/37
Description:
Regulation W, issued by the Federal Reserve Board, governs consumer credit for instalment sales and loans. It sets rules for down payments, instalment amounts, intervals, and maturities, as well as requirements for registration and licensing. The regulation also outlines exemptions for certain types of credits, such as business or agricultural loans. Additionally, it prohibits loans to make down payments and requires statements from borrowers. The regulation applies to transactions made after December 1, 1946.
Topic:
Banks and banking--United States
Congress:
79th (1945-1947)
Physical Location:
CAC_CC_47_1_3_12_0000, Box, 3, 12, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
Location Represented:
Oklahoma (state), United States (nation)
Type:
Text
Extent:
11 Pages