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Can you summarize Civ Code CACL Division 3 Part 4 Title 1.3A?
OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS [1738. - 3273.55.] > CREDIT CARD DISCLOSURE [1748.10. - 1748.14.]
Short Summary
This section of the California Civil Code governs the disclosure of marketing information by credit card issuers. It requires credit card issuers to provide written notice to cardholders about their right to prohibit the disclosure of marketing information that identifies them. The notice must be provided at least 60 days prior to the initial disclosure of marketing information, included with new credit cards, and provided at least once per year to cardholders entitled to receive an annual statement of billings rights. The cardholder’s election to prohibit disclosure is effective 30 days after the credit card issuer receives the election. The section also specifies exemptions for certain communications of marketing information and states that compliance with federal requirements regarding the use of personal information satisfies the requirements of this section.
Whom does it apply to?
Credit card issuers and cardholders
What does it govern?
Disclosure of marketing information by credit card issuers
What are exemptions?
Exemptions for certain communications of marketing information and compliance with federal requirements regarding the use of personal information
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
California