[Code of Federal Regulations]
[Title 16, Volume 1]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 16CFR698.1]

[Page 544]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
                   CHAPTER I--FEDERAL TRADE COMMISSION
 
PART 698_MODEL FORMS AND DISCLOSURES
 
Sec. 698.1  Authority and purpose

  

    Source: 69 FR 35500, June 24, 2004 unless otherwise noted.


    (a) Authority. This part is issued by the Commission pursuant to the 
provisions of the Fair Credit Reporting Act (15 U.S.C. 1681 et seq.), as 
most recently amended by the Fair and Accurate Credit Transactions Act 
of 2003, Public Law 108-159, 117 Stat. 1952 (Dec. 4, 2003).
    (b) Purpose. The purpose of this part is to comply with sections 
607(d), 609(c), and 612(a) of the Fair Credit Reporting Act, as amended, 
and section 211 of the Fair and Accurate Credit Transactions Act of 
2003.

    Effective Date Note: At 69 FR 69784, Nov. 30, 2004, Sec. 698.1 was 
revised, effective January 31, 2005. For the convenience of the revised 
text is set forth as follows:

Sec. 698.1  Authority and purpose.

    (a) Authority. This part is issued by the Commission pursuant to the 
provisions of the Fair Credit Reporting Act (15 U.S.C. 1681 et seq.), as 
amended by the Consumer Credit Reporting Reform Act of 1996 (Title II, 
Subtitle D, Chapter 1, of the Omnibus Consolidated Appropriations Act 
for Fiscal Year 1997), Public Law 104-208, 110 Stat. 3009-426 (Sept. 30, 
1996), and the Fair and Accurate Credit Transactions Act of 2003, Public 
Law 108-159, 117 Stat. 1952 (Dec. 4, 2003).
    (b) Purpose. The purpose of this part is to comply with sections 
607(d), 609(c), 609(d), and 612(a) of the Fair Credit Reporting Act, as 
amended by the Fair and Accurate Credit Transactions Act of 2003, and 
Section 211 of the Fair and Accurate Credit Transactions Act of 2003.