§ 1666i–2. Additional limits on interest rate increases

268 words·~1 min read·/usc/title-15/section-1666i-2

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Except in the case of an increase described in paragraph (1), (2), (3), or

(4)of section 1666i–1(b) of this title , no increase in any annual percentage rate, fee, or finance charge on any credit card account under an open end consumer credit plan shall be effective before the end of the 1-year period beginning on the date on which the account is opened. No increase in any annual percentage rate applicable to a credit card account under an open end consumer credit plan that is a promotional rate (as that term is defined by the Bureau) shall be effective before the end of the 6-month period beginning on the date on which the promotional rate takes effect, subject to such reasonable exceptions as the Bureau may establish, by rule. ( Pub. L. 90–321, title I, § 172 , as added Pub. L. 111–24, title I, § 101(d) , May 22, 2009 , 123 Stat. 1738 ; amended Pub. L. 111–203, title X, § 1100A(2) , July 21, 2010 , 124 Stat. 2107 .)

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Pub. L. 90-321
Pub. L. 111-24
123 Stat. 1738
Pub. L. 111-203
124 Stat. 2107

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§ 1666i–2

Additional limits on interest rate increases

Fed. Reg.×2

Pub. L.Pub. L. 90-321

Pub. L.Pub. L. 111-24

Stat.123 Stat. 1738

Pub. L.Pub. L. 111-203

Stat.124 Stat. 2107

Cites 5Cited by 2 across 1 source