12 CFR § 1011.1 - General.

---
identifier: "/us/cfr/t12/s1011.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1011.1 - General."
title_number: 12
title_name: "Banks and Banking"
section_number: "1011.1"
section_name: "General."
chapter_name: "CONSUMER FINANCIAL PROTECTION BUREAU"
part_number: "1011"
part_name: "PURCHASERS' REVOCATION RIGHTS, SALES PRACTICES AND STANDARDS (REGULATION K)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5512, 5581; 15 U.S.C. 1718."
regulatory_source: "76 FR 79522, Dec. 21, 2011, unless otherwise noted."
cfr_part: "1011"
---


# 1011.1 General.

The purpose of this subpart A is to elaborate on the revocation rights in 15 U.S.C. 1703, by enumerating certain conditions under which purchasers may exercise revocation rights. Generally, whenever revocation rights are available, they apply to promissory notes, as well as traditional agreements.