FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER I—CONSUMER CREDIT COST DISCLOSURE
Consideration of ability to repay
15 U.S.C. § 1665e
This text of 15 U.S.C. § 1665e (Consideration of ability to repay) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
15 U.S.C. § 1665e.
Text
A card issuer may not open any credit card account for any consumer under an open end consumer credit plan, or increase any credit limit applicable to such account, unless the card issuer considers the ability of the consumer to make the required payments under the terms of such account.
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History
(Pub. L. 90–321, title I, §150, as added Pub. L. 111–24, title I, §109(a), May 22, 2009, 123 Stat. 1743.)
Editorial Notes
Statutory Notes and Related Subsidiaries
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.
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.
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Bluebook (online)
15 U.S.C. § 1665e, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/1665e.