{"data":{"id":"us/12-cfr-appendix-b-to-part-37","jurisdiction":"us","citation":"12 CFR Appendix B to Part 37","heading":"Appendix B to Part 37—Long Form Disclosures","body":"• This product is optional\nYour purchase of [PRODUCT NAME] is optional. Whether or not you purchase [PRODUCT NAME] will not affect your application for credit or the terms of any existing credit agreement you have with the bank.\n• Explanation of debt suspension agreement\n[Applicable if the contract has a debt suspension feature]\nIf [PRODUCT NAME] is activated, your duty to pay the loan principal and interest to the bank is only suspended. You must fully repay the loan after the period of suspension has expired. [If applicable]: This includes interest accumulated during the period of suspension.\n• Amount of fee\n[For closed-end credit]: The total fee for [PRODUCT NAME] is __.\n[For open-end credit, either:] (1) The monthly fee for [PRODUCT NAME] is based on your account balance each month multiplied by the unit-cost, which is ___; or (2) The formula used to compute the fee is _____].\n• Lump sum payment of fee\n[Applicable if a bank offers the option to pay the fee in a single payment]\n[Prohibited where the debt subject to the contract is a residential mortgage loan]\nYou may choose to pay the fee in a single lump sum or in [monthly/quarterly] payments. Adding the lump sum of the fee to the amount you borrow will increase the cost of [PRODUCT NAME].\n• Lump sum payment of fee with no refund\n[Applicable if a bank offers the option to pay the fee in a single payment for a no-refund DCC]\n[Prohibited where the debt subject to the contract is a residential mortgage loan]\nYou have the option to purchase [PRODUCT NAME] that includes a refund of the unearned portion of the fee if you terminate the contract or prepay the loan in full prior to the scheduled termination date. Prices of refund and no-refund products may differ.\n• Refund of fee paid in lump sum\n[Applicable where the customer pays the fee in a single payment and the fee is added to the amount borrowed]\n[Prohibited where the debt subject to the contract is a residential mortgage loan]\n[Either:] (1) You may cancel [PRODUCT NAME] at any time and receive a refund; or (2) You may cancel [PRODUCT NAME] within __ days and receive a full refund; or (3) If you cancel [PRODUCT NAME] you will not receive a refund.\n• Use of card or credit line restricted\n[Applicable if the contract restricts use of card or credit line when customer activates protection]\nIf [PRODUCT NAME] is activated, you will be unable to incur additional charges on the credit card or use the credit line.\n• Termination of [PRODUCT NAME]\n[Either]: (1) You have no right to cancel [PRODUCT NAME]; or (2) You have the right to cancel [PRODUCT NAME] in the following circumstances: _____.\n[And either]: (1) The bank has no right to cancel [PRODUCT NAME]; or (2)The bank has the right to cancel [PRODUCT NAME] in the following circumstances: _____.\n• Eligibility requirements, conditions, and exclusions\nThere are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under [PRODUCT NAME].\n[Either]: (1) The following is a summary of the eligibility requirements, conditions, and exclusions. [The bank provides a summary of any eligibility requirements, conditions, and exclusions]; or (2) You may find a complete explanation of the eligibility requirements, conditions, and exclusions in paragraphs ___ of the [PRODUCT NAME] agreement.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 37—DEBT CANCELLATION CONTRACTS AND DEBT SUSPENSION AGREEMENTS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"7276c4bed61ca8a363d95df4181bf50903c175b7cddb7649d787b158ab83e22c","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-appendix-a-to-part-37","next":"us/12-cfr-41.80-41.82"},"notice":"GroundRules: Original legal text. Not legal advice."}