§ 1642 - Issuance of credit cards

CHAPTER 41— CONSUMER CREDIT PROTECTION › SUBCHAPTER I— CONSUMER CREDIT COST DISCLOSURE

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.

Notes

Statutory Notes and Related Subsidiaries

Effective Date

Pub. 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].”