Defined term
Solar loan amortization schedule
CFPB explains amortization as paying off debt over time through scheduled regular payments.
economics · Concept code GS-CONCEPT-144 · Last verified August 28, 2026
Evidence through 2026-04-08 · 0 sources have no source-event date
Content modified 2026-08-28
Definition and decision context
Definition
CFPB explains amortization as paying off debt over time through scheduled regular payments.
Verified August 28, 2026
Why it matters
For covered closed-end credit, Regulation Z requires a payment-schedule disclosure with the number, amounts, and timing of payments.
Verified August 28, 2026
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Primary topic: Finance
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Primary sources
- Consumer Financial Protection Bureau: CFPB Ask CFPB — What is amortization and how could it affect my auto loan?
Revision CFPB Ask CFPB modified September 25, 2024 · Source event as of September 25, 2024 · Ontology accessed August 28, 2026 · Ontology verified August 28, 2026
- Consumer Financial Protection Bureau: 12 CFR § 1026.18(b), (g), and (k) — Amount financed, Payment schedule, and Demand feature
Revision 12 CFR § 1026.18 version 2026-04-08 · Source event as of April 8, 2026 · Ontology accessed August 28, 2026 · Ontology verified August 28, 2026