Title 15 — Commerce and TradeRelease 119-73
§1651 Procedure for timely settlement of estates of decedent obligors
Title 15 › Chapter CHAPTER 41— - CONSUMER CREDIT PROTECTION › Subchapter SUBCHAPTER I— - CONSUMER CREDIT COST DISCLOSURE › Part Part B— - Credit Transactions › § 1651
Summary
The Bureau must make rules, after consulting the other agencies named in the law, requiring creditors with open‑end credit card accounts to allow an estate administrator to promptly resolve any remaining credit balances.
Full Legal Text
Title 15, §1651
Commerce and Trade — Source: USLM XML via OLRC
The Bureau, in consultation with the Bureau 11 So in original. and each other agency referred to in section 1607(a) of this title, shall prescribe regulations to require any creditor, with respect to any credit card account under an open end consumer credit plan, to establish procedures to ensure that any administrator of an estate of any deceased obligor with respect to such account can resolve outstanding credit balances in a timely manner.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2010—Pub. L. 111–203, § 1100A(3), substituted “the Bureau” for “the Federal Trade Commission”. Pub. L. 111–203, § 1100A(2), substituted “The Bureau” for “The Board”.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date
Section effective 9 months after May 22, 2009, except as otherwise specifically provided, see section 3 of Pub. L. 111–24, set out as an
Effective Date
of 2009 Amendment note under section 1602 of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1651
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73