54-11-12. Change in terms of credit card agreement.
73 words·~1 min read·
/sd/title-54/chapter-54-11/54-11-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A credit card issuer may change the terms of any credit card agreement if such right of amendment has been reserved. A credit card issuer shall provide notice of such change, and the right to reject such change, in accordance with, and solely to the extent required by 12 C.F.R. 1026, in effect on January 1, 2015. No credit card issuer may make a change that is specifically prohibited by 12 C.F.R. 1026.