UDAAP definition

UDAAP means Unfair, Deceptive or Abusive Acts Practices, Section 5 of the Federal Trade Commission Act (FTC Act), 15 USC 45(a)(1) (UDAP), prohibits “unfair or deceptive acts or practices in or affecting commerce.” The ▇▇▇▇-▇▇▇▇▇ Act, makes it unlawful to engage in any unfair, deceptive or abusive act or practice (UDAAP), and gives the CFPB UDAAP rulemaking and enforcement authority. All Brokers must comply with UDAAP.

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UDAAP means unfair, deceptive, or abusive acts or practices.

UDAAP means Sections 1031 and 1036 of the Dodd Frank Wall Street Reform and Consumer Protection Act, 12 USC § 5536, and implementing regulations issued pursuant thereto, and Federal Reserve Regulation AA, which prohibit unfair, deceptive or abusive acts or practices.

Examples of UDAAP in a sentence

• Neither the Company nor a Company Subsidiary has been cited, fined or otherwise notified of any failure by it to comply with a UDAAP Law which has not been cured or otherwise satisfied in full.

• The policy should comply with applicable fair lending laws and regulations including, but not limited to, Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), and the prohibition on Unfair, Deceptive, or Abusive Acts or Practices (UDAAP).

• Additionally, under the UDAAP Act, sales organizations such as yours, and sales practices may fall under the purview and oversight of state regulators and the Federal Trade Commission.

• It maintains (a) a UDAAP (as hereinafter defined) compliance policy, (b) an adequate and appropriate program for assessing compliance with such UDAAP compliance policy and (c) a system for reviewing and responding to customer complaints.

• Any (i) ULURP application proposing the disposition of City-owned land, (ii) request for approval from the City Council or Mayor to dispose of City-owned land pursuant to UDAAP, the Urban Renewal Law, or Article XI, or (iii) request for approval from a Borough Board to dispose of City-owned land pursuant to Section 384(b)(4) will be accompanied by a Garden Review Statement.

• Direct Banking Products collaborates with the business teams and the Discover attorneys that support Card products and specialized legal issues such as privacy, SCRA, UDAAP, and fair lending.

• Direct Banking Products addresses a wide range of critical legal and regulatory issues affecting consumer banking products, including issues relating to Truth in Lending, Truth in Savings, Electronic Funds Transfers, Funds Availability, Equal Credit Opportunity, RESPA, UDAAP, Fair Credit Reporting, loan and deposit servicing, tax reporting, debt collection practices, bankruptcy, and many other state and federal laws.

• The Enterprise Legal Solutions group strives to optimize legal risk management by providing subject matter legal expertise and substantive awareness for the Law Department, Corporate Risk Management and the Company’s businesses with respect to enterprise-wide legal issues related to fair lending, privacy, unfair deceptive or abusive acts or practices (UDAAP), Servicemember’s Civil Relief Act (SCRA) and complaints.

• Dealer investigates and monitors all ancillary product and service providers (“Ancillary Providers”) that sell products and services through Dealer to ensure such Ancillary Providers are reputable, honor their contracts and/or promises, and comply with ECOA, TILA and UDAAP concerns.

• To the Knowledge of the Company or a Company Subsidiary, there are no facts or circumstances that could form the reasonable basis for assertion of any proceeding against the Company or a Company Subsidiary under any UDAAP Law that, if determined adversely to the Company or a Company Subsidiary, could reasonably be expected to have a Material Adverse Effect on the Company and the Company Subsidiaries as a whole.

More Definitions of UDAAP

UDAAP means Sections 1031 and 1036 of the ▇▇▇▇ ▇▇▇▇▇ Wall Street Reform and Consumer Protection Act, 12 USC § 5536, and implementing regulations issued pursuant thereto, and Federal Reserve Regulation AA, which prohibit unfair, deceptive or abusive acts or practices.

UDAAP means acts or practices which are unfair, deceptive or abusive as provided under Applicable Law.

UDAAP shall have the meaning set forth in Section 4.02(a)(xix).

UDAAP has the meaning set forth in Section 3.11(c)(i).

UDAAP means unfair, deceptive, and abusive acts and practices.

UDAAP has the meaning set forth in Section 2.11(e)(i).