15 USC 1642: Issuance of credit cards
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15 USC 1642: Issuance of credit cards Text contains those laws in effect on December 24, 2024
From Title 15-COMMERCE AND TRADECHAPTER 41-CONSUMER CREDIT PROTECTIONSUBCHAPTER I-CONSUMER CREDIT COST DISCLOSUREPart B-Credit Transactions
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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 .)


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]."