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Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce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Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce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
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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5/2/2009 Senate • Indefinitely postponed and withdrawn from consideration; Died in Committee on Commerce
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SB 772, Original Filed Version (Current Bill Version) Posted 3/3/2009 at 3:44 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location H 553 Credit Card Rates Sachs Identical Last Action: 5/2/2009 H Indefinitely postponed and withdrawn from consideration; Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC)
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