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Bill > H259


MA H259

MA H259
Disclosing expiration of credit cards and revolving credit agreements


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

Relative to the prevention of credit card company unfair business practices. Consumer Protection and Professional Licensure.

AI Summary

This bill requires credit card companies and lenders to provide advance notice to consumers and any co-signers about the expiration of their credit agreements, including credit cards, credit sales, and open-ended credit plans, at least 120 days before the expiration date. This aims to prevent unfair business practices by ensuring consumers are aware of when their credit lines or agreements will end, giving them time to make necessary arrangements.

Committee Categories

Labor and Employment

Sponsors (6)

Last Action

Accompanied a study order, see H4578 (on 08/15/2016)

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