[Federal Register Volume 71, Number 233 (Tuesday, December 5, 2006)]
[Notices]
[Page 70512]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-9518]



[[Page 70512]]

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DEPARTMENT OF DEFENSE

Office of the Secretary

[DOD-2006-0S-0216]


Limitations on Terms of Consumer Credit Extended to Service 
Members and Dependents

AGENCY: Department of Defense (DOD).

ACTION: Notice with request for comments.

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SUMMARY: The Department of Defense is preparing to draft new consumer 
protection rules. Public Law 109-364, the John Warner National Defense 
Authorization Act for Fiscal Year 2007, Sec.  670, ``Limitations on 
Terms of Consumer Credit Extended to Service Members and Dependents,'' 
(October 17, 2006), created 10 U.S.C. 987 and requires the Secretary of 
Defense to prescribe regulations to implement the protections covered 
by the law. The Department of Defense views this requirement as an 
opportunity to ensure the protections included in the statute do not 
create unintended limitations on Service members and their families 
obtaining favorable credit products. Submitted comments and 
recommendations will be carefully considered as the regulation is being 
drafted. An opportunity to review the proposed regulation will be 
provided during a subsequent period for public comment.

DATES: Comments must be received no later than February 5, 2007.

ADDRESSES: You may submit comments, identified by docket number and or 
RIN number and title, by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Mail: Federal Docket Management System Office, 1160 
Defense Pentagon, Washington, DC 20301-1160.
    Instructions: All submissions received must include the agency name 
and docket number or Regulatory Information Number (RIN) for this 
Federal Register document. The general policy for comments and other 
submissions from members of the public is to make these submissions 
available for public viewing on the Internet at http://regulations.gov 
as they are received without change, including any personal identifiers 
or contact information.

FOR FURTHER INFORMATION CONTACT: Mr. George Schaefer, (703) 588-0876.

    Dated: November 29, 2006.
L.M. Bynum,
Alternate OSD Federal Register Liaison Officer, DoD.
[FR Doc. 06-9518 Filed 12-4-06; 8:45 am]
BILLING CODE 5001-06-M