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IL HB2541

Bill

Official Source

Status

Introduced

2/18/2015

Primary Sponsor

Monique Davis

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Amends the Credit Card Issuance Act by adding Section 7.3
  • Prohibits credit card issuers from automatically renewing a credit card that has not been used for any transaction within the 12 months immediately preceding the renewal
  • Requires written consent from the cardholder before renewing an inactive credit card

Legislative Description

CREDIT CARD-NO RENEW-NOT USED

Last Action

Rule 19(a) / Re-referred to Rules Committee

4/24/2015

Committee Referrals

Rules4/24/2015
Consumer Protection3/2/2015
Rules2/18/2015

Full Bill Text

No bill text available