Amendment111th Congress
Amendment sets underwriting standards for student credit cards, including limiting credit lines to the greater of 20 percent of a students' annual income or $500 without a co-signer and requiring creditors to obtain a proof of income, income history, and credit history from college students before approving credit applications.
- Amendment Number
- 92
- Description
- Amendment sets underwriting standards for student credit cards, including limiting credit lines to the greater of 20 percent of a students' annual income or $500 without a co-signer and requiring creditors to obtain a proof of income, income history, and credit history from college students before approving credit applications.
- Purpose
- An amendment numbered 3 printed in House Report 111-92 to set underwriting standards for students' credit cards, including limiting credit lines to the greater of 20 percent of a student's annual income or $500, without a co-signer and requiring creditors to obtain a proof of income, income history, and credit history from college students before approving credit applications.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- Apr 30, 2009
- Latest Action Text
- On agreeing to the Slaughter amendment (A003) Agreed to by recorded vote: 276 - 154 (Roll no. 225).
- Latest Action Time
- 14:39:06
- Submitted Date
- Apr 30, 2009
- Chamber
- House of Representatives
- Update Date
- Jul 11, 2021