Billing Cycle Law and Legal Definition
According to 15 USCS Appx 12 CFR § 226.2 (4), [Title 15. Commerce and Trade; Chapter 41. Consumer Credit Protection; Truth in Lending Regulations. (Regulation Z); Subpart A. General] the term billing cycle or cycle means “the interval between the days or dates of regular periodic statements. These intervals shall be equal and no longer than a quarter of a year. An interval will be considered equal if the number of days in the cycle does not vary more than 4 days from the regular day or date of the periodic statement.”
