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United States · Bill · HR

H.R. 10561 (94th)

Fair Credit Billing Act Amendments

referredUnited States· United States Congress· EN

Introduced

5 November 1975

Last action

—

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Fair Credit Billing Act Amendments - Defines the term "discount" for purposes of compliance with the provisions of the Truth in Lending Act as meaning a reduction made from the regular price in a transaction covered by such Act. Stipulates that the term "discount" shall not, under specified application of the provisions of such Act, mean a surcharge. Specifies that the term "surcharge" shall mean any method of increasing the regular price to a creditcard holder which is not imposed upon cash-paying customers. Prohibits the imposition of a surcharge in specified instances covered by the Truth in Lending Act where the holder of a credit card elects to use his card in lieu of paying by cash or check.

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Documents

1 official file

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