Federal Reserve Regulation W: Consumer Credit Guidelines and Requirements1946-01-01unknownhttp://rightsstatements.org/vocab/NKC/1.0/enghttp://congressarchives.org/record/CAC_CC_047_1_3_12_0001Regulation 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.