Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28lbe
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28LBE
Character Range: 188110–189076

28LBE  Meaning of credit limit increase invitation
 (1) For the purposes of subsection 133BE(6) of the Act, a communication is covered by the definition of credit limit increase invitation in subsection 133BE(5) of the Act if it:
 (a) includes a proposed credit limit that is higher than the consumer's existing credit limit; or
 (b) suggests that a higher credit limit may benefit the consumer.
 (2) For the purposes of subsection 133BE(6) of the Act, a communication is not covered by the definition of credit limit increase invitation in subsection 133BE(5) of the Act if it only provides generic information about credit limits that is applicable to each consumer who is a party to a credit card contract with the licensee.
Note: Subsection 133BE(6) of the Act provides that the regulations may make provisions that apply to determining whether a communication is covered by the definition of credit limit increase invitation in subsection 133BE(5) of the Act.