Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:25k
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 25K
Character Range: 143747–144394

25K  Modification—credit card contracts
 (1) For paragraph 164(d) of the Act, this regulation applies to a licensee that enters into a credit contract with a consumer in the form of issuing a credit card.
 (2) The provisions of the Act to which Part 3‑7 of the Act applies apply as if paragraph 128(a) were modified to read:
 '(a) provide a consumer with a credit card for the purpose of entering a credit contract that is formed or entered by:
              (i) the use by a consumer of the credit card to obtain credit from the licensee; or
              (ii) the activation by a consumer of the credit card by arrangement with the licensee;'.