Section 2302-A. Regulation of On-Campus Credit Card Marketing.--The board shall require an institution of higher education to establish a policy that regulates the marketing of credit cards on campus. The policy may prohibit any marketing of credit cards on the campus. In establishing the policy, the institution of higher education shall, for students entering in the 2024-2025 school year, incorporate into orientation programming presentations on credit card debt education and money management skills for students. The institution of higher education shall also consider all of the following: (Intro. par. amended Dec. 13, 2023, P.L.311, No.35)
(1) Requiring registration of on-campus credit card marketers.
(2) Limiting credit card marketers to specific areas of the campus designated by the institution of higher education.
(3) Prohibiting credit card marketers from offering gifts to a student in exchange for completing a credit card application unless the student has been provided credit card debt education literature, which includes, but is not limited to, brochures of written or electronic information.
(4) Providing, at least quarterly, credit card debt education literature with campus bookstore purchases.
(5) ((5) deleted by amendment Dec. 13, 2023, P.L.311, No.35)
(2303-A added July 15, 2004, P.L.722, No.82)