Regulation M Policy
The purpose of this Regulation M Policy Template is to address how a bank, credit union, fintech company, or other type of financial institution adheres to Regulation M – “Consumer Leasing.” In general, the purpose of Regulation M is to ensure that lessees of personal property receive meaningful disclosures that enable them to compare lease terms with other leases and, when appropriate, with credit transactions, limit the amount of balloon payments in consumer lease transactions; and provide for the accurate disclosure of lease terms in all advertising.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- General Disclosure Requirements – Topic 4
- Content of Disclosures – Topic 5
- Renegotiations, Extensions and Assumptions – Topic 6
- Advertising – Topic 7
- Relation to State Laws – Topic 8
- Audit Policy – Topic 9
- Staff Training – Topic 10
- Retention of Documentation – Topic 11
This Regulation M Policy Template (approximately 12 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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