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From: Sue Safer Subject: Regulation Z -- Truth in Lending Comments: Date: Dec 21, 2010 Proposal: Regulation Z Truth In Lending Act Document ID: R-1394 Document Version: 1 Release Date: 10/18/2010

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What is purncom?

Purncom is an abbreviation for Purchase Notification Compliance.

Who is required to file purncom?

Suppliers who make sales exceeding a certain threshold are required to file purncom.

How to fill out purncom?

Purncom can be filled out online through the designated portal or by submitting a physical form.

What is the purpose of purncom?

The purpose of purncom is to notify the relevant authorities about purchase transactions that exceed a certain threshold, contributing to compliance and transparency.

What information must be reported on purncom?

Purncom requires details such as buyer and seller information, transaction value, description of goods or services, and payment method.

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