HB 553: Credit Card Rates
GENERAL BILL by Sachs
Credit Card Rates; Defines terms "cardholder" & "issuer"; prohibits issuer of credit card from including universal default clause in issuer's credit card contract or agreement with cardholder; prohibits issuer from increasing interest rate of cardholder if cardholder is late with payment to another credit card issuer; provides exception, etc.
Effective Date: 07/01/2009
Last Action: 5/2/2009 House - Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
Bill Text: Web Page | PDF
Last Action: 5/2/2009 House - Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/20/2009 | House |
• Filed |
| 2/12/2009 | House |
• Referred to Insurance, Business, & Financial Affairs Policy (GGPC); Civil Justice & Courts Policy (CCJP); General Government Policy Council; Finance & Tax Council |
| 3/3/2009 | House |
• Introduced, referred to Insurance, Business, & Financial Affairs Policy (GGPC); Civil Justice & Courts Policy (CCJP); General Government Policy Council; Finance & Tax Council -HJ 00050 |
| 5/2/2009 | House |
• Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC) |