04RS HB63


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HB 63 (BR 242) - J. Richards, M. Denham, K. Hall, R. Nelson, T. Thompson, M. Weaver

     AN ACT relating to credit card solicitations.
     Create new sections of KRS Chapter 367 to require credit card issuers to register with a designated official of a postsecondary institution prior to soliciting students on a college campus; require the registration to include the principal place of business of the credit card issuer and to be in such form as required by administrative regulation of the Council on Postsecondary Education; state that an application for a credit card executed by a student who was solicited for the card on a college campus shall be void and unenforceable unless the parent or legal guardian of the student consents in writing to the student's submission of the application; state that parental consent shall not be construed as an agreement by the parent or guardian to be liable under the credit card agreement unless the parent or guardian specifically agrees in writing to do so; prohibit a credit card issuer to take any debt collection action against the parent or legal guardian of a student for whom a credit card has been issued unless the parent or guardian has agreed in writing to be liable for the debts of the student and make a violation of this prohibition an unfair trade practice under KRS 367.170; state that this Act shall be known and may be cited as the College Campus Credit Card Solicitation Act.

     (Prefiled by the sponsor(s).)

     Jan 6-introduced in House; to Labor and Industry (H)
     Jan 12-posted in committee
     Feb 10-reported favorably, 1st reading, to Calendar
     Feb 11-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 12, 2004
     Mar 5-3rd reading, passed 56-31
     Mar 8-received in Senate
     Mar 11-to Judiciary (S)

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