2019 US Code
Title 15 - Commerce and Trade
Chapter 41 - Consumer Credit Protection
Subchapter I - Consumer Credit Cost Disclosure
Part B - Credit Transactions
Sec. 1651 - Procedure for timely settlement of estates of decedent obligors
| 15 U.S.C. § 1651 (2019) |
| §1651. Procedure for timely settlement of estates of decedent obligors |
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The Bureau, in consultation with the Bureau 1 and each other agency referred to in section 1607(a) of this title, shall prescribe regulations to require any creditor, with respect to any credit card account under an open end consumer credit plan, to establish procedures to ensure that any administrator of an estate of any deceased obligor with respect to such account can resolve outstanding credit balances in a timely manner. |
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(Pub. L. 90–321, title I, §140A, as added Pub. L. 111–24, title V, §504(a), May 22, 2009, 123 Stat. 1756; amended Pub. L. 111–203, title X, §1100A(2), (3), July 21, 2010, 124 Stat. 2107.) |
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AMENDMENTS
2010—Pub. L. 111–203, §1100A(3), substituted "the Bureau" for "the Federal Trade Commission". Pub. L. 111–203, §1100A(2), substituted "The Bureau" for "The Board". EFFECTIVE DATE OF 2010 AMENDMENTAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees. EFFECTIVE DATESection effective 9 months after May 22, 2009, except as otherwise specifically provided, see section 3 of Pub. L. 111–24, set out as an Effective Date of 2009 Amendment note under section 1602 of this title. |
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1 So in original. |
| United States Code, 2018 Edition, Supplement 1, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 15 - COMMERCE AND TRADE CHAPTER 41 - CONSUMER CREDIT PROTECTION SUBCHAPTER I - CONSUMER CREDIT COST DISCLOSURE Part B - Credit Transactions Sec. 1651 - Procedure for timely settlement of estates of decedent obligors |
| section 1651 |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 123 Stat. 1756 124 Stat. 2107 |
| Public Law 90-321, Public Law 111-24, Public Law 111-203 |
