Section 232.12 - Effective dates(a)In general. This regulation shall take effect October 1, 2015, except that, other than as provided in this section and in § 232.13(b)(1) , nothing in this part shall apply to consumer credit that is extended to a covered borrower and consummated before October 3, 2016.(b)Prior extensions of consumer credit. Consumer credit that is extended to a covered borrower and consummated any time between October 1, 2007, and October 3, 2016, is subject to the definitions, conditions, and requirements of this part as were established by the Department and effective on October 1, 2007.(c)New extensions of consumer credit. Except as provided in paragraphs (d) and (e) of this section with respect to extensions of consumer credit under paragraph (b) of this section (and except as permitted by § 232.13(b)(1) ), the requirements of this part that are effective as of October 1, 2015, shall apply only to a consumer credit transaction or account for consumer credit consummated or established on or after October 3, 2016.(d)Provisions of 10 U.S.C. 987(d)(2) . The amendments to 10 U.S.C. 987(d)(2) enacted in section 661(a) of the National Defense Authorization Act for Fiscal Year 2013 (Pub. L. 112-239 , 126 Stat. 1785), as reflected in § 232.7(b) , took effect on January 2, 2014.(e)Civil liability remedies. The provisions set forth in § 232.9(e) shall apply with respect to consumer credit extended on or after January 2, 2013.