07RS HB250

HB250

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


HB 250 (BR 1152) - T. Edmonds

     AN ACT relating to credit cards.
     Create a new section of KRS Chapter 367 to require a credit card issuer to disclose to the applicant the card's interest rate and all charges and fees and to obtain a signature from the applicant; declare it is a "billing error" if the required disclosures are not made; permit the cardholder to mail an inquiry to the credit card issuer if the billing statement requires a billing error; prohibit the card issuer from threatening to report the cardholder adversely on any credit report after the cardholder sends an inquiry; deem a violation of this section to be an unfair, false, misleading, or deceptive act or practice in violation of KRS 367.170; provide that if any inconsistency exists between this section and federal laws, the federal law controls; provide that this section applies to credit cards issued or renewed on or after January 1, 2008.

     Feb 6-introduced in House
     Feb 7-to Banking and Insurance (H)
     Feb 12-posted in committee


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