FEDERAL · 15 U.S.C. · Chapter 41
Procedure for timely settlement of estates of decedent obligors
Current through Pub. L. 119-102
The Bureau, in consultation with the Bureau 1 and each other agency referred to in section 1607(a) of this title, shall prescribe regulations to require any creditor, with respect to any credit card account under an open end consumer credit plan, to establish procedures to ensure that any administrator of an estate of any deceased obligor with respect to such account can resolve outstanding credit balances in a timely manner.
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15 U.S.C. § 1651 (Procedure for timely settlement of estates of decedent obligors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Foley v. Wells Fargo Bank, N.A.
849 F. Supp. 2d 1345 (S.D. Florida, 2012)
Orosco v. Specialized Loan Servicing, LLC
(E.D. California, 2020)
Source Credit
History
(Pub. L. 90–321, title I, §140A, as added Pub. L. 111–24, title V, §504(a), May 22, 2009, 123 Stat. 1756; amended Pub. L. 111–203, title X, §1100A(2), (3), July 21, 2010, 124 Stat. 2107.)
Editorial Notes
Editorial Notes
Amendments
2010—Pub. L. 111–203, §1100A(3), substituted "the Bureau" for "the Federal Trade Commission".
Pub. L. 111–203, §1100A(2), substituted "The Bureau" for "The Board".
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date
Section effective 9 months after May 22, 2009, except as otherwise specifically provided, see section 3 of Pub. L. 111–24, set out as an Effective Date of 2009 Amendment note under section 1602 of this title.
Amendments
2010—Pub. L. 111–203, §1100A(3), substituted "the Bureau" for "the Federal Trade Commission".
Pub. L. 111–203, §1100A(2), substituted "The Bureau" for "The Board".
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date
Section effective 9 months after May 22, 2009, except as otherwise specifically provided, see section 3 of Pub. L. 111–24, set out as an Effective Date of 2009 Amendment note under section 1602 of this title.