(1) A creditor may establish the contracted interest rate for a credit card account by:(1) Documenting the acceptance of the terms and conditions that contain a stated or variable interest rate by a cardholder of the credit card account; or(2) Any billing statement generated by the credit card issuer that contains a stated or variable interest rate.
(1) Documenting the acceptance of the terms and conditions that contain a stated or variable interest rate by a cardholder of the credit card account; or
(2) Any billing statement generated by the credit card issuer that contains a stated or variable interest rate.