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United States · Bill · HR

H.R. 3117 (106th)

Credit Card Interest Rate Change Disclosure Act

referredUnited States· United States Congress· EN

Introduced

20 October 1999

Last action

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

Credit Card Interest Rate Change Disclosure Act - Amends the Truth in Lending Act prescriptions governing credit card accounts to mandate a 90-day advance notice to the consumer regarding: (1) any increase in the annual percentage rate of interest; or (2) any change in the index used to determine such rate of interest. Prescribes guidelines under which a freeze is imposed upon interest rate terms and fees on cards canceled by the consumer as a result of such notice.

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Documents

3 official files

Introduced in House (text)

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Sources

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