| Last Action | to Banking & Insurance (S) |
|---|---|
| Title | AN ACT relating to credit card applications and solicitations. |
| Bill Documents |
Bill
|
| Bill Request Number | 119 |
| Sponsors | M. Henley, L. Napier, J. Richards, T. Thompson, J. Tilley, S. Westrom |
| Summary of Original Version | Create a new section of KRS Chapter 367 to declare that it is unlawful for any credit card issuer to mail or otherwise deliver a credit card application if the person has previously notified the issuer by certified or registered mail that he or she does not wish to receive credit card applications from that issuer; provide that this section does not apply to a credit card application or solicitation when mailed or otherwise delivered in response to a request for a credit card; provide that if such application is mailed to such a person and a third party, by theft or other means, obtains the mailed document and with intent to deceive, defraud, or injure another falsely completes the application or solicitation document and is issued a credit card in the name of another person, the issuer shall be liable to the person whose name appears on the card for any damages and expenses which the person incurs due to use of such card; prohibit an issuer who received notification not to send applications from selling, disseminating, or otherwise disclosing the name and address of such person; declare a violation of any provision of this section to be an unfair, false, misleading, and deceptive act or practice in the conduct of trade or commerce in violation of KRS 367.170. |
| Index Headings of Original Version |
Attorney General - Credit card application, notice not to send Banks and Financial Institutions - Credit card application, notice not to send Loans and Credit - Credit card application, notice not to send |
| Proposed Amendments | House Committee Amendment 1 |
| Votes | Vote History |
| 08/08/07 |
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|---|---|
| 10/03/07 |
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| 01/08/08 |
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| 02/01/08 |
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| 02/06/08 |
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| 02/07/08 |
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| 02/08/08 |
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| 02/11/08 |
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| 02/13/08 |
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| Amendment | House Committee Amendment 1 |
|---|---|
| Sponsor | M. Henley |
| Summary | Amend subsection (2) to provide that notice is effective after a credit card issuer is in receipt of the notice at least 90 days; amend subsection (5) to clarify that affiliates and nonaffiliated third parties may share information necessary to effect and administer the request from the person not to receive credit card applications and solicitations. |
| Index Headings |
Attorney General - Credit card application, notice not to send Banks and Financial Institutions - Credit card application, notice not to send Loans and Credit - Credit card application, notice not to send |
Last updated: 8/28/2019 8:09 AM (EDT)