FEDERAL · 15 U.S.C. · Chapter 41

Issuance of credit cards

Current through Pub. L. 119-102
Title 15Commerce and Trade·Ch. 41 — CONSUMER CREDIT PROTECTION·Subch. I·Pt. B
No credit card shall be issued except in response to a request or application therefor. This prohibition does not apply to the issuance of a credit card in renewal of, or in substitution for, an accepted credit card.

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Source Credit

History

(Pub. L. 90–321, title I, §132, as added Pub. L. 91–508, title V, §502(a), Oct. 26, 1970, 84 Stat. 1126.)

Editorial Notes

Statutory Notes and Related Subsidiaries

Effective Date
Pub. L. 91–508, title V, §503(1), Oct. 26, 1970, 84 Stat. 1127, provided that: "Section 132 of such Act [this section] takes effect on date of enactment of this title [Oct. 26, 1970]."