The Board, upon being authorized
by the President under section 205 and for such period of time as
he may determine, may by regulation
(1) require transactions or persons or
classes of either to be registered or licensed.
(2) prescribe appropriate limitations,
terms, and conditions for any such registration or license.
(3) provide for suspension
of any such registration or license for violation of any provision
thereof or of any regulation, rule, or order prescribed under this
Act.
(4) prescribe
appropriate requirements as to the keeping of records and as to the
form, contents, or substantive provisions of contracts, liens, or
any relevant documents.
(5) prohibit solicitations by creditors which would encourage evasion
or avoidance of the requirements of any regulation, license, or registration
under this Act.
(6)
prescribe the maximum amount of credit which may be extended on, or
in connection with, any loan, purchase, or other extension of credit.
(7) prescribe the maximum
rate of interest, maximum maturity, minimum periodic payment, maximum
period between payments, and any other specification or limitation
of the terms and conditions of any extension of credit.
(8) prescribe the methods of
determining purchase prices or market values or other bases for computing
permissible extensions of credit or required downpayment.
(9) prescribe special or different
terms, conditions, or exemptions with respect to new or used goods,
minimum original cash payments, temporary credits which are merely
incidental to cash purchases, payment or deposits usable to liquidate
credits, and other adjustments or special situations.
(10) prescribe maximum ratios,
applicable to any class of either creditors or borrowers or both,
of loans of one or more types or of all types
(A) to deposits
of one or more types or of all types.
(B) to assets of one or more types or
of all types.
(11) prohibit or limit any extensions of credit under any circumstances
the Board deems appropriate.
