The phrase mastercard boasts a hybrid prepaid-mastercard since the outlined in §
ii. Given that indexed when you look at the § 1026.2(a)(15)(ii)(C), the new difference off bank card membership less than an open-stop (not family-secured) credit plan available with you to section for an overdraft line away from borrowing from the bank that is utilized because of the a free account amount does not apply to a protected separate credit feature obtainable by the a hybrid prepaid-charge card (and a hybrid prepaid-bank card that is exclusively a merchant account number) since discussed for the § .
Fundamentally, when a cards sale is actually refinanced for the meaning of § (a), mortgage disclosures shall be produced
(i) Bank card form people card, plate, or other single credit device which may be made use of off go out so you can for you personally to see credit.
(ii) Mastercard membership significantly less than an open-prevent (perhaps not family-secured) credit rating plan form any open-avoid borrowing from the bank account that’s accessed by credit cards, except:
(C) A keen overdraft line of credit that’s utilized from the a free account number, unless brand new account matter is actually a hybrid prepaid service-credit card that will accessibility a shielded separate credit function due to the fact defined within the §