Page:United States Statutes at Large Volume 110 Part 4.djvu/636

 110 STAT. 3009-473 PUBLIC LAW 104-208—SEPT. 30, 1996 (D) COMPLIANCE BEFORE EFFECTIVE DATE.— Any lessor may comply with any means of disclosure provided for in section 127 of the Truth in Lending Act (as added by paragraph (1) of this subsection) before the effective date of such requirement. (E) DEFINITIONS.— For purposes of this subsection, the term "lessor" has the same meaning as in section 181 of the Truth in Lending Act. (3) CLERICAL AMENDMENT.—The table of sections for chapter 5 of title I of the Truth in Lending Act (15 U.S.C. 1601 et seq.) is amended by inserting after the item relating to section 186 the following new item: "187. Regulations.". (c) CONSUMER LEASE ADVERTISING. —Section 184 of the Truth in Lending Act (15 U.S.C. 1667c) is amended— (1) by striking subsections (a) and (c); (2) by redesignating subsection (b) as subsection (c); and (3) by inserting before subsection (c), as so redesignated, the following: "(a) IN GENERAL.— If an advertisement for a consumer lease includes a statement of the amount of any payment or a statement that any or no initial payment is required, the advertisement shall clearly and conspicuously state, as applicable— "(1) the transaction advertised is a lease; "(2) the total amount of any initial payments required on or before consummation of the lease or delivery of the property, whichever is later; "(3) that a security deposit is required; "(4) the number, amount, and timing of scheduled pay- ments; and "(5) with respect to a lease in which the liability of the consumer at the end of the lease term is based on the anticipated residual value of the property, that an extra charge may be imposed at the end of the lease term. "(b) ADVERTISING MEDIUM NOT LIABLE. —No owner or employee of any entity that serves as a medium in which an advertisement appears or through which an advertisement is disseminated, shall be liable under this section.". 12 USC 1752a SEC. 2606. STUDY OF CORPORATE CREDIT UNIONS. (a) DEFINITIONS.— For purposes of this section, the following definitions shall apply: (1) ADMINISTRATION.— The term "Administration" means the National Credit Union Administration. (2) BOARD.— The term "Board" means the National Credit Union Administration Board. (3) CORPORATE CREDIT UNION.— The term "corporate credit union" has the meaning given such term by rule or regulation of the Board. (4) FUND. —The term "Fund" means the National Credit Union Share Insurance Fund established under section 203 of the Federal Credit Union Act. (5) SECRETARY. —The term "Secretary" means the Secretary of the Treasury. (b) STUDY. —

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