SB 128 (BR 1725) - T. Shaughnessy
AN ACT relating to credit cards.
Create a new section of KRS Chapter 367 to define terms pertaining to credit card transactions; prohibit a credit card issuer from increasing the applicable annual percentage rate or imposing fees on the account of a credit card holder who has made all payments in compliance with the terms of the card holder agreement, due to the holder's indebtedness or failure to make timely payments to any other creditor or due to any negative information in the holder's consumer report about acts or omissions of the holder not directly related to the credit card account; deem violation of this section to be an unfair, false, misleading, or deceptive act or practice in the conduct of trade or commerce in violation of KRS 367.170; provide for civil liability; make applicable to credit cards issued or renewed on or after July 1, 2006.
Jan 26-introduced in Senate
Jan 30-to Banking and Insurance (S)