15 USC 1665e - Consideration of Ability to Repay

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.

(Pub. L. 90–321, title I, §150, as added Pub. L. 111–24, title I, §109(a), May 22, 2009, 123 Stat. 1743.)

Sections:  Previous  1663  1664  1665  1665a  1665b  1665c  1665d  1665e  1666  1666a  1666b  1666c  1666d  1666e  1666f  Next

Last modified: October 26, 2015