A creditor may establish the contracted interest rate for a credit card account by:
(1) Documenting the acceptance of the terms and conditions that contain a stated or variable interest rate by a cardholder of the credit card account; or
(2) Any billing statement generated by the credit card issuer that contains a stated or variable interest rate.
Section: Previous 4-107-302 4-107-303 4-107-304 4-107-305 4-107-306 4-107-307Last modified: November 15, 2016