Amendment imposes a moratorium on increasing annual percentage rates, fees and finance charges, as well as a moratorium on changing the terms for repayment of outstanding balances on credit card accounts, for nine months after enactment of the bill.

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Amendment Number
498
Description
Amendment imposes a moratorium on increasing annual percentage rates, fees and finance charges, as well as a moratorium on changing the terms for repayment of outstanding balances on credit card accounts, for nine months after enactment of the bill.
Purpose
An amendment numbered 5 printed in Part B of House Report 111-326 to impose a moratorium on increasing annual percentage rates, fees and finance charges, as well as a moratorium on changing the terms for repayment of outstanding balances on credit card accounts, for nine months after enactment of this Act.
Congress
111
Type
HAMDT
Latest Action Date
Nov 4, 2009
Latest Action Text
On agreeing to the Sutton amendment (A005) Agreed to by recorded vote: 249 - 173 (Roll no. 849).
Latest Action Time
14:43:48
Submitted Date
Nov 4, 2009
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 498 — Informed