209 CMR, § 32.21

Current through Register 1530, September 13, 2024
Section 32.21 - Treatment of Credit Balances

Compliance with 12 CFR 1026.21 constitutes compliance with 209 CMR 32.21; provided, however, any creditor who does not make the good faith effort as required by 12 CFR 1026.21 to refund the credit balance shall pay to the consumer interest on the balance at an annual percentage rate of 18%.

209 CMR, § 32.21

Amended by Mass Register Issue 1277, eff. 1/2/2015.
Amended by Mass Register Issue 1320, eff. 8/26/2016.