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15 U.S.C. § 1642 — Issuance of credit cards

submitted 56 years ago by Pub. L. 90-321 to r/title-15-COMMERCE-AND-TRADE · 38 words · no verdicts yet

in plain englishAI-generated · not legal advice

A credit card may be issued only after a request or application. The rule does not cover renewal or replacement of an accepted card.

No credit card must be issued except in response to a request or application therefor. This prohibition does not apply to the issuance of a credit card in renewal of, or in substitution for, an accepted credit card.
the actual law source: uscode.house.gov ↗public domain

No credit card shall be issued except in response to a request or application therefor. This prohibition does not apply to the issuance of a credit card in renewal of, or in substitution for, an accepted credit card.

Source credit: (Pub. L. 90–321, title I, § 132, as added Pub. L. 91–508, title V, § 502(a), Oct. 26, 1970, 84 Stat. 1126.)

history & why it existsrecord from the source credit
  • 1970Enacted · Pub. L. 90-321 · 84 Stat. 1126

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-321 on 1970-10-26.

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