yourstate.us
Home / United States / 15 U.S.C.
15 U.S.C. § 1666d

Treatment of credit balances

United States · Title 15 — COMMERCE AND TRADE · Status: effective

Get this as JSONEmbed this
Cite this
Citation
15 U.S.C. § 1666d, Treatment of credit balances, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/441222
Permanent ID
ys:prov:441222@1
SHA-256
004ef65af7b4903d98a215c97fff01b9011204c73cf200c5cf9ea1f8aa880958

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Whenever a credit balance in excess of $1 is created in connection with a consumer credit transaction through (1) transmittal of funds to a creditor in excess of the total balance due on an account, (2) rebates of unearned finance charges or insurance premiums, or (3) amounts otherwise owed to or held for the benefit of an obligor, the creditor shall—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.

  • Amended byPub. L. 93-495(H.R. 11221)1974-10-28
    An Act to increase deposit insurance from $20,000 to $40,000, to provide full insurance for public unit deposits of $100,000 per account, to establish a National Commission on Electronic Fund Transfers, and for other purposes.
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 96-221(H.R. 4986)1980-03-31
    Depository Institutions Deregulation and Monetary Control Act of 1980
    House: no recorded tallySenate: no recorded tally