Statutes, codes, and regulations
United States Code
Title 15 - COMMERCE AND TRADEChapter 41 - CONSUMER CREDIT PROTECTIONSubchapter I - CONSUMER CREDIT COST DISCLOSURE
Part B - CREDIT TRANSACTIONS
Section 1642 - Issuance of credit cards

15 U.S.C. § 1642

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Current through P.L. 118-47 (published on www.congress.gov on 03/23/2024)
Section 1642 - Issuance of credit cards

No credit card shall be issued except in response to a request or application therefor. This prohibition does not apply to the issuance of a credit card in renewal of, or in substitution for, an accepted credit card.

15 U.S.C. § 1642

Pub. L. 90-321, title I, §132, as added Pub. L. 91-508, title V, §502(a), Oct. 26, 1970, 84 Stat. 1126.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATEPub. L. 91-508, title V, §503(1), Oct. 26, 1970, 84 Stat. 1127, provided that: "Section 132 of such Act [this section] takes effect on date of enactment of this title [Oct. 26, 1970]."