Amendment allows consumers who have not activated an issued credit card within 45 days, to contact the issuing institution to cancel the card and have it removed from their credit report entirely. If, after 45 days, the card has not been activated, it will be automatically removed from any such report.

Ask AI
Amendment Number
106
Description
Amendment allows consumers who have not activated an issued credit card within 45 days, to contact the issuing institution to cancel the card and have it removed from their credit report entirely. If, after 45 days, the card has not been activated, it will be automatically removed from any such report.
Purpose
An amendment numbered 17 printed in House Report 111-92 to allow consumers who have not activated an issued credit card within 45 days, to contact the issuing institution to cancel the card and have it removed from their credit report entirely. If after 45 days the card has not been activated it is automatically removed from any such report.
Congress
111
Type
HAMDT
Latest Action Date
Apr 30, 2009
Latest Action Text
On agreeing to the Schock amendment (A017) Agreed to by voice vote.
Latest Action Time
14:10:22
Submitted Date
Apr 30, 2009
Chamber
House of Representatives
Update Date
Jul 11, 2021
Amendment 106 — Informed