HOUSE BILL 45

File Code: Commercial Law - Consumer Protection Crossfiled with: SENATE BILL 470

Sponsored By:

Delegate Boutin

Entitled:

Consumer Protection - Extensions of Credit to Students - Limitations

Synopsis:

Limiting the total amount of credit that may be extended by credit card issuers to students under the age of 23 years at institutions of higher education; prohibiting a credit card issuer from increasing the amount of credit that may be extended to the students under specified circumstances; prohibiting a credit card issuer from opening a credit card account for or issuing a credit card to the students under specified circumstances; and applying the Act.

History by Legislative Date

House Action

07/25

Pre-filed

1/10

First Reading Commerce and Government Matters

1/24

Hearing 1/31 at 1:00 p.m.

2/12

Unfavorable Report by Commerce and Government Matters

Senate Action

No Action

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

CREDIT

HIGHER EDUCATION -see also- COMM COLLEGES; MED SCHOOLS; etc.

STUDENTS

Bill affects the following Statute:

Commercial Law

( 13-319 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered