Amendment111th Congress
Amendment sought to allow issuers to raise rates on existing balances if they provided consumers clear notification 90 days in advance, provided that the issuer had previously specified this ability to consumers in their contract and at least once every year thereafter.
- Amendment Number
- 98
- Description
- Amendment sought to allow issuers to raise rates on existing balances if they provided consumers clear notification 90 days in advance, provided that the issuer had previously specified this ability to consumers in their contract and at least once every year thereafter.
- Purpose
- An amendment numbered 9 printed in House Report 111-92 to allow issuers to raise rates on existing balances if they provide consumers clear notification 90 days in advance, provided that the issuer has previously specified this ability to consumers in their contract and at least once every year thereafter.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- Apr 30, 2009
- Latest Action Text
- On agreeing to the Hensarling amendment (A009) Failed by voice vote.
- Latest Action Time
- 13:03:57
- Submitted Date
- Apr 30, 2009
- Chamber
- House of Representatives
- Update Date
- Jul 11, 2021