This legal document, found in the United States Code, falls under the Consumer Credit Protection Act. It governs the disclosure requirements for creditors before opening any account under an open end consumer credit plan. The document outlines the specific items that must be disclosed to the person to whom credit is being extended, including conditions for imposing finance charges, methods of determining the balance and finance charge, identification of other charges, and the disclosure of security interests.

This legal document, found in the United States Code under the section on Consumer Credit Protection, pertains to consumer credit transactions other than under an open end credit plan. It requires creditors to disclose specific information to consumers, such as the identity of the creditor, the amount financed, the finance charge, the annual percentage rate, the total of payments, and the number, amount, and due dates of payments. The document also includes requirements for disclosures in residential mortgage transactions, private education loans, and periodic statements for residential mortgage loans.

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.

This section of the United States Code governs the liability of the holder of a credit card. It outlines the conditions under which a cardholder may be held liable for unauthorized use of a credit card. The liability is limited to $50, provided that the card is an accepted credit card and the card issuer has given adequate notice to the cardholder of the potential liability. The unauthorized use must occur before the card issuer has been notified of loss, theft, or unauthorized use of the card.

This legal document, found in the United States Code under the section on Consumer Credit Protection, specifically addresses the fraudulent use of credit cards. It outlines various actions that are considered illegal, including using counterfeit, fictitious, altered, forged, lost, stolen, or fraudulently obtained credit cards to obtain money, goods, services, or anything else of value. The document also covers the transportation of such cards in interstate or foreign commerce, as well as the use of interstate commerce to sell or transport them.

Business credit cards; limits on liability of employees The exemption provided by section 1603(1) of this title does not apply to the provisions of sections 1642, 1643, and 1644 of this title, except that a card issuer and a business or other organization which provides credit cards issued by the same card issuer to ten or more of its employees may by contract agree as to liability of the business or other organization with respect to unauthorized use of such credit cards without regard to the provisions of section 1643 of this title , but in no case may such business or other organization or card issuer impose liability upon any employee with respect to unauthorized use of such a credit card except in accordance with and subject to the limitations of section 1643 of this title .

This section of the United States Code aims to prevent unfair and deceptive private educational lending practices and eliminate conflicts of interest. It provides definitions for terms such as ‘cosigner,’ ‘covered educational institution,’ ‘gift,’ ‘institution of higher education,’ ‘postsecondary educational expenses,’ ‘preferred lender arrangement,’ ‘private educational lender,’ ‘private education loan,’ and ‘revenue sharing.’ The section prohibits private educational lenders from offering gifts or engaging in revenue sharing with covered educational institutions.

This provision, found in the United States Code under the Consumer Credit Protection Act, governs the timing of payments for credit card accounts under open-end consumer credit plans. It states that a creditor cannot treat a payment as late unless they have adopted reasonable procedures to ensure that the periodic statement, including the required information, is mailed or delivered to the consumer at least 21 days before the payment due date.

1666e. Notification of credit card issuer by seller of return of goods, etc., by obligor; credit for account of obligor With respect to any sales transaction where a credit card has been used to obtain credit, where the seller is a person other than the card issuer, and where the seller accepts or allows a return of the goods or forgiveness of a debit for services which were the subject of such sale, the seller shall promptly transmit to the credit card issuer, a credit statement with respect thereto and the credit card issuer shall credit the account of the obligor for the amount of the transaction.

This provision, found in the United States Code under the Consumer Credit Protection Act, addresses the offering of cash discounts to cardholders by sellers in sales transactions where the seller is not the card issuer. It states that card issuers cannot prohibit sellers from offering discounts to cardholders to encourage payment by cash, check, or similar means instead of using a credit card. Additionally, it clarifies that any discount offered by a seller to induce payment by cash, check, or other means not involving the use of an open-end credit plan or a credit card does not constitute a finance charge if it is offered to all prospective buyers and its availability is clearly and conspicuously disclosed.