Title 15, Commerce and TradeRelease 119-102
§1665e Consideration of Ability to Repay
Title 15 › CHAPTER 41 — CONSUMER CREDIT PROTECTION › SUBCHAPTER I — CONSUMER CREDIT COST DISCLOSURE › Part C — Credit Advertising and Limits on Credit Card Fees › § 1665e
Summary
Card issuers must check a consumer's ability to pay before opening a credit card account or raising its credit limit.
Full Legal Text
Title 15, §1665e
Commerce and Trade, Source: USLM XML via OLRC
A card issuer may not open any credit card account for any consumer under an open end consumer credit plan, or increase any credit limit applicable to such account, unless the card issuer considers the ability of the consumer to make the required payments under the terms of such account.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
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. § 1665e
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102