HB 553 (2009) -  Credit Card Rates

General Bill by Sachs
Credit Card Rates: Defines terms "cardholder" & "issuer"; prohibits issuer of credit card from including universal default clause in issuer's credit card contract or agreement with cardholder; prohibits issuer from increasing interest rate of cardholder if cardholder is late with payment to another credit card issuer; provides exception; prohibits issuer from increasing interest rate of cardholder if cardholder has incurred additional debt pursuant to home equity line of credit or home equity loan, but has otherwise continued to make timely payments to issuer of credit card.
Effective Date: July 1, 2009
Last Event: Died in Insurance, Business & Financial Affairs Policy Committee on Saturday, May 2, 2009 12:00 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 772 Subject: Credit Card Rates [CPSC] Relationship: Identical

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance, Business & Financial Affairs Policy Committee Time: 05/02/2009 - 12:00 AM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/02/2009 - 12:00 AM Member: Committee: Version: __
Event: H 1st Reading Time: 03/03/2009 - 10:03 PM Member: Committee: Version: __
Event: H Now in Insurance, Business & Financial Affairs Policy Committee Time: 02/12/2009 - 7:45 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Referred to Finance & Tax Council Time: 02/12/2009 - 7:45 PM Member: Committee: Finance & Tax Council Version: __
Event: H Referred to General Government Policy Council Time: 02/12/2009 - 7:45 PM Member: Committee: General Government Policy Council Version: __
Event: H Referred to Civil Justice & Courts Policy Committee Time: 02/12/2009 - 7:45 PM Member: Committee: Civil Justice & Courts Policy Committee Version: __
Event: H Referred to Insurance, Business & Financial Affairs Policy Committee Time: 02/12/2009 - 7:45 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Filed Time: 01/20/2009 - 11:45 AM Member: Sachs Committee: Version: __