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15 U.S.C. § 1665e 15 u.s.c. · consumer credit protection · title 15
15 U.S.C. § 1665e
Consideration of ability to repay
Title 15 USC
● ACTIVE
Ch. 41
Jurisdiction Federal — United States
Chapter CONSUMER CREDIT PROTECTION
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-184366
STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 41 - CONSUMER CREDIT PROTECTION SUBCHAPTER I - CONSUMER CREDIT COST DISCLOSURE Part C - Credit Advertising and Limits on Credit Card Fees Sec. 1665e - Consideration of ability to repay From the U.S. Government Publishing Office, www.gpo.gov

§1665e. Consideration of ability to repay

A card issuer may not open any credit card account for any consumer under an open end consumer credit plan, or increase any credit limit applicable to such account, unless the card issuer considers the ability of the consumer to make the required payments under the terms of such account.

(Pub. L. 90–321, title I, §150, as added Pub. L. 111–24, title I, §109(a), May 22, 2009, 123 Stat. 1743.)

Statutory Notes and Related Subsidiaries

Effective Date Section 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.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 15 U.S.C. § 1665e is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
OakMorel Law
15 U.S.C.
Citation
15 U.S.C. § 1665e
Status
● ACTIVE
Chapter
41 — CONSUMER CREDIT PROTECTION
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-184366
Root-LD Spec
v1.0
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Commerce and Trade — 15 U.S.C. § 1665e