Amendment111th Congress
Amendment provides that any card issuer that imposes a moratorium on increases in rates, fees and terms and conditions of a contract would be exempt from the accelerated date for the provision requiring an issuer to apply a customer's payment in excess of the minimum amount due, to the highest rate balance.
- Amendment Number
- 495
- Description
- Amendment provides that any card issuer that imposes a moratorium on increases in rates, fees and terms and conditions of a contract would be exempt from the accelerated date for the provision requiring an issuer to apply a customer's payment in excess of the minimum amount due, to the highest rate balance.
- Purpose
- An amendment numbered 2 printed in Part B of House Report 111-326 to provide that any card issuer that imposes a moratorium on increases in rates, fees and terms and conditions of a contract would be exempt from the accelerated date for the provision requiring an issuer to apply a customer's payment in excess of the minimum amount due, to the highest rate balance.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- Nov 4, 2009
- Latest Action Text
- On agreeing to the McCarthy (NY) amendment (A002) Agreed to by recorded vote: 427 - 0 (Roll no. 846).
- Latest Action Time
- 14:22:38
- Submitted Date
- Nov 4, 2009
- Chamber
- House of Representatives
- Update Date
- Dec 5, 2020