Issuance of credit cards

  1. Law
  2. USC 15
  3. Commerce And Trade
  4. CONSUMER CREDIT PROTECTION
  5. CONSUMER CREDIT COST DISCLOSURE
  6. Credit Transactions
  7. Issuance of credit cards

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§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.

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

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]."


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