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Last Action: 5/2/2009 House - Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)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Last Action: 5/2/2009 House - Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)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
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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5/2/2009 House • Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
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HB 553, Original Filed Version (Current Bill Version) Posted 2/26/2009 at 5:51 PM