SB 772: Credit Card Rates [CPSC]
GENERAL BILL by Justice
Credit Card Rates [CPSC]; Prohibits an issuer of a credit card from including a universal default clause in the issuer's credit card contract or agreement with a cardholder. Prohibits an issuer from increasing the interest rate of a cardholder if the cardholder has incurred additional debt pursuant to a home equity line of credit or home equity loan, but has otherwise continued to make timely payments to the issuer of the credit card, etc.
Effective Date: 07/01/2009
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce
Bill Text: Web Page | PDF
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/16/2009 | Senate |
• Filed |
| 1/23/2009 | Senate |
• Referred to Commerce; Banking and Insurance; General Government Appropriations |
| 3/3/2009 | Senate |
• Introduced, referred to Commerce; Banking and Insurance; General Government Appropriations -SJ 00048 |
| 5/2/2009 | Senate |
• Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce |