Bill Text: MA H284 | 2009-2010 | 186th General Court | Introduced
Bill Title: Further regulate the rate of interest charges on delinquent credit card accounts
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 5/12 at 10:00 AM in Hearing Room B2 [H284 Detail]
Download: Massachusetts-2009-H284-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Matthew C. Patrick
_______________
To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act relative to credit cards.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Matthew C. Patrick |
3rd Barnstable |
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE HOUSE, NO. 283 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act relative to credit cards.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
SECTION 1. . Section 12H of chapter 255 of the General Laws, as appearing in the 2002 Official Edition, by inserting after the word “balance” in line 21 the following, “or $10.00 whichever is less and the interest rate of a credit card shall not increase due to such delinquency.”
