04RS HB481

HB481

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HB 481 (BR 1691) - Dw. Butler, J. Thompson

     AN ACT relating to consumer protection.
     Create new sections of KRS Chapter 367 to define terms and to provide that the issuer of a credit card may change a cardholder's credit limit only after providing written notice 15 days prior to the effective date and that the issuer shall not collect an over-the-limit-fee if the cardholder exceeds the new credit limit and the issuer has not provided the written notice.

     Feb 10-introduced in House
     Feb 11-to Banking and Insurance (H)
     Mar 15-posted in committee

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