What does CFR stand for?

CFR stands for Code of Federal Regulations. This extensive compilation serves as the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the U.S. federal government. It is crucial for understanding regulatory requirements within various sectors, including consumer lending. Each title within the CFR corresponds to different areas of federal regulation, making it a vital resource for professionals in various fields, helping them ensure compliance with federal laws. The other options do not accurately reflect the correct terminology used in legal and regulatory contexts; they either misrepresent the structure or omit the essential aspect of the codification system utilized in U.S. federal law.