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"(A) be prescribed in final form before the end of the 18-month period beginning on the designated transfer date and "(1) Regulations.-The regulations required to be prescribed under this title or the amendments made by this title shall. Statutory Notes and Related Subsidiaries Effective Date of 2010 Amendment 93–495 inserted provisions expanding purposes of subchapter to include protection of consumer against inaccurate and unfair credit billing and credit card practices. 94–240 designated existing provisions as subsec. It is the purpose of this subchapter to assure a meaningful disclosure of the terms of leases of personal property for personal, family, or household purposes so as to enable the lessee to compare more readily the various lease terms available to him, limit balloon payments in consumer leasing, enable comparison of lease terms with credit terms where appropriate, and to assure meaningful and accurate disclosures of lease terms in advertisements. The Congress also finds that there has been a recent trend toward leasing automobiles and other durable goods for consumer use as an alternative to installment credit sales and that these leases have been offered without adequate cost disclosures. It is the purpose of this subchapter to assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit, and to protect the consumer against inaccurate and unfair credit billing and credit card practices. The informed use of credit results from an awareness of the cost thereof by consumers. The Congress finds that economic stabilization would be enhanced and the competition among the various financial institutions and other firms engaged in the extension of consumer credit would be strengthened by the informed use of credit. Congressional findings and declaration of purpose (a) Informed use of credit SUBCHAPTER I-CONSUMER CREDIT COST DISCLOSURE Part A-General Provisions §1601.
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