15-U.S.C.-1665E

§1665E – Consideration of Ability to Repay

Pathway

Title 15 > Chapter 41 > Subchapter I > Part C > Section 1665e

Details

• Reference: Section 1665e
• Legend: §1665E – Consideration of Ability to Repay
• USCode Year: 2013

Provision Content

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.)

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.

U.S. Encyclopedia of Law Coverage

15-U.S.C.-1646 in the Legal Encyclopedia: Trade Law

In this entry about 15-U.S.C.-1646, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.

15-U.S.C.-1665E in the Legal Encyclopedia: Consumer Credit Protection

In this entry about 15-U.S.C.-1665E, find legal reference material, bibliographies and premiere content related to consumer credit protection in the American Encyclopedia of Law, presenting a comprehensive view of the United States consumer credit protection-specific issues, written by authorities in the field.

Topic Map

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