Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance

Can you summarize 15 USC 1642?

Credit Transactions > Issuance of credit cards

October 11, 2023

Short Summary

Issuance of credit cards No credit card shall be issued except in response to a request or application therefor. This prohibition does not apply to the issuance of a credit card in renewal of, or in substitution for, an accepted credit card.

Jurisdiction

U.S. Federal Government

Source

15 USC 1642 [https://reggi.cloud.regology.com/regulations/US-USC/US-USC_T_15_C_41_SC_I_P_B_S_1642]

Banking

Disclaimer:

This content has been generated through Regology’s AI platform, Reggi, leveraging Regology’s Smart Law Library and Regology’s legal technical capabilities such as causal citations, root context, decomposition of authoritative documents, and curated law library topics. The information provided here is intended for informational purposes only and should not be regarded as a replacement for professional guidance. The content on this website is offered without any warranties, whether explicit or implied. It is recommended to verify the information and seek advice from appropriate experts or professionals in specific fields as required.