US Laws, Codes, Statutes & Cases

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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 15USC1642]

 
                      TITLE 15--COMMERCE AND TRADE
 
                 CHAPTER 41--CONSUMER CREDIT PROTECTION
 
              SUBCHAPTER I--CONSUMER CREDIT COST DISCLOSURE
 
                       Part B--Credit Transactions
 
Sec. 1642. 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.

(Pub. L. 90-321, title I, Sec. 132, as added Pub. L. 91-508, title V, 
Sec. 502(a), Oct. 26, 1970, 84 Stat. 1126.)


                             Effective Date

    Section 503(1) of Pub. L. 91-508 provided that: ``Section 132 of 
such Act [this section] takes effect on date of enactment of this title 
[Oct. 26, 1970].''

                  Section Referred to in Other Sections

    This section is referred to in section 1645 of this title.