Debt Cancellation Contracts and Debt Suspension Agreements

Part 37 requires national banks to make certain disclosures to customers prior to the purchase of debt cancellation contracts (DCCs) and debt suspension agreements (DSAs). The disclosures are intended to establish standards to promote the protection of customers who buy DCCs and DSAs and to ensure that national banks providing DCCs and DSAs do so on a safe and sound basis.

The latest form for Debt Cancellation Contracts and Debt Suspension Agreements expires 2021-05-31 and can be found here.