SB 632 - Dougherty, Pat
Restricts credit card companies from raising interest or fees
Bill Details
Sponsor
LR Number
3364S.01I
Title
SB 632
House Handler
N/A
Journal Page
Effective Date
August 28, 2006
Current Status
Second Read and Referred S Financial & Governmental Organizations and Elections Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 632 - Credit card issuers shall not increase interest or impose a fee upon a balance by a card holder who has made timely payments in the minimum amount. This act also prevents an issuer from increasing interest or imposing fees based on the holder's failure to make timely payments to another creditor. A creditor in violation of this act will be guilty of a Class A misdemeanor for each violation.
This act is identical to SB 505 (2005).
CHRIS HOGERTY