28 CFR Part 3 – Gambling Devices
Current as of: 2024 | Check for updates
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| § 3.1 | Definition |
| § 3.2 | Assistant Attorney General, Criminal Division |
| § 3.3 | Registration |
| § 3.4 | Registration to be made by letter |
| § 3.5 | Forfeiture of gambling devices |
Terms Used In 28 CFR Part 3 - Gambling Devices
- Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
- You are late making a payment or commit some other default, triggering an increase to a penalty rate
- The bank changes the terms of your account and you do not reject the change.
- The rate expires (if the rate was fixed for only a certain period of time).
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.