H.R.3606 - Credit CARD Technical Corrections Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Welch, Peter [D-VT-At Large] (Introduced 09/17/2009)|
|Committees:||House - Financial Services|
|Latest Action:||11/06/2009 Became Public Law No: 111-93. (TXT | PDF) (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.3606 — 111th Congress (2009-2010)All Information (Except Text)
Public Law No: 111-93 (11/06/2009)
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Credit CARD Technical Corrections Act of 2009 - Amends the Truth in Lending Act, as amended by the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act of 2009), to make a technical amendment with respect to the timing of payments related to open end consumer credit plans.
Adds the phrase "a credit card account under" to the timing requirement to specify that a creditor may not treat a payment on a credit card account under an open end consumer credit plan as late for any purpose, unless the creditor has adopted reasonable procedures designed to ensure that each periodic statement is mailed or delivered to the consumer at least 21 days before the payment due date.