The Bureau, in consultation with the Bureau1 and each other agency referred to in section 1607(a) of this title, shall prescribe regulations to require any creditor, with respect to any credit card account under an open end consumer credit plan, to establish procedures to ensure that any administrator of an estate of any deceased obligor with respect to such account can resolve outstanding credit balances in a timely manner.
1So in original.
15 U.S.C. § 1651
EDITORIAL NOTES
AMENDMENTS2010- Pub. L. 111-203, §1100A(3), substituted "the Bureau" for "the Federal Trade Commission". Pub. L. 111-203, §1100A(2), substituted "The Bureau" for "The Board".
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111-203 effective on the designated transfer date, see section 1100H of Pub. L. 111-203 set out as a note under section 552a of Title 5, Government Organization and Employees.
EFFECTIVE DATESection 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.
- Administrator
- the terms "Administration" and "Administrator" mean the Small Business Administration and the Administrator thereof, respectively; and