Source: https://law.justia.com/codes/us/2015/title-15/chapter-41/subchapter-i/part-b/sec.-1637/
Timestamp: 2019-11-20 11:56:21
Document Index: 143104298

Matched Legal Cases: ['§ 1637', '§127', '§304', '§411', '§613', '§2', '§2', '§1301', '§101', '§201', '§301', '§1100', '§ 1637', '§1637', '§1301']

15 U.S.C. § 1637 (2015) - Open end consumer credit plans :: Title 15 - Commerce and Trade (Sections 1 - 8405) - US Code :: Justia
Justia US Law US Codes and Statutes US Code 2015 US Code Title 15 - Commerce and Trade (Sections 1 - 8405) Chapter 41 - Consumer Credit Protection (Sections 1601 - 1693r) Subchapter I - Consumer Credit Cost Disclosure (Sections 1601 - 1667f) Part B - Credit Transactions (Sections 1631 - 1651) Sec. 1637 - Open end consumer credit plans
Contains section 1637
Source Credit Pub. L. 90-321, title I, §127, May 29, 1968, 82 Stat. 153; Pub. L. 93-495, title III, §§304, 305, title IV, §§411, 415, Oct. 28, 1974, 88 Stat. 1511, 1519, 1521; Pub. L. 96-221, title VI, §613(a)-(e), Mar. 31, 1980, 94 Stat. 176, 177; Pub. L. 100-583, §§2(a), 6, Nov. 3, 1988, 102 Stat. 2960, 2968; Pub. L. 100-709, §2(b), Nov. 23, 1988, 102 Stat. 4729; Pub. L. 109-8, title XIII, §§1301(a), 1303(a), 1304(a), 1305(a), 1306(a), Apr. 20, 2005, 119 Stat. 204, 209, 211, 212; Pub. L. 111-24, title I, §§101(a)(1), 102(a), 103, 105, 106(a), title II, §§201(a), 202, 203, title III, §§301, 303, 305(a), May 22, 2009, 123 Stat. 1735, 1738, 1741-1743, 1745-1749; Pub. L. 111-203, title X, §1100A(2), July 21, 2010, 124 Stat. 2107.
94 Stat. 176
102 Stat. 2960, 4729, 2968, 2969
119 Stat. 204, 207, 211, 212, 213
123 Stat. 1735, 1736, 1745, 1750
Public and Private Laws Public Law 90-321, Public Law 93-495, Public Law 96-221, Public Law 100-583, Public Law 100-709, Public Law 109-8, Public Law 111-24, Public Law 111-203
15 U.S.C. § 1637 (2015)
§1637. Open end consumer credit plans(a) Required disclosures by creditor
(c) Disclosure in credit and charge card applications and solicitations(1) Direct mail applications and solicitations(A) Information in tabular format
(2) Telephone solicitations(A) In general
(3) Applications and solicitations by other means(A) In general
(4) Charge card applications and solicitations(A) In general
(6) Additional notice concerning "introductory rates"(A) In general
(7) Internet-based solicitations(A) In general
(8) Applications from underage consumers(A) Prohibition on issuance
(d) Disclosure prior to renewal(1) In general
(e) Other rules for disclosures under subsections (c) and (d)(1) Fees determined on the basis of a percentage
(g) Insurance in connection with certain open end credit card plans(1) Change in insurance carrier
(i) Advance notice of rate increase and other changes required(1) Advance notice of increase in interest rate required
(j) Prohibition on penalties for on-time payments(1) Prohibition on double-cycle billing and penalties for on-time payments
(k) Opt-in required for over-the-limit transactions if fees are imposed(1) In general
(n) Standards applicable to initial issuance of subprime or "fee harvester" cards(1) In general
(o) Due dates for credit card accounts(1) In general
(r) 2 College card agreements(1) Definitions
(2) Reports by creditors(A) In general
Pub. L. 109–8, title XIII, §1301(b)(1), Apr. 20, 2005, 119 Stat. 207, provided that: "The Board of Governors of the Federal Reserve System (hereafter in this title [amending this section and sections 1637a, 1638, 1664, and 1665b of this title and enacting provisions set out as notes under this section and section 1637a of this title] referred to as the 'Board') shall promulgate regulations implementing the requirements of section 127(b)(11) of the Truth in Lending Act [subsec. (b)(11) of this section], as added by subsection (a) of this section."
"(a) Regulations.—Not later than 6 months after the date of enactment of this Act [Apr. 20, 2005], the Board [of Governors of the Federal Reserve System], in consultation with the other Federal banking agencies (as defined in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813]), the National Credit Union Administration Board, and the Federal Trade Commission, shall promulgate regulations to provide guidance regarding the meaning of the term 'clear and conspicuous', as used in subparagraphs (A), (B), and (C) of section 127(b)(11) and clauses (ii) and (iii) of section 127(c)(6)(A) of the Truth in Lending Act [subsecs. (b)(11) and (c)(6)(A) of this section].