General Assembly Proposed Bill No. 721
January Session, 2015 LCO No. 1918
*01918*
Referred to Committee on BANKING
Introduced by:
SEN. KANE, 32nd Dist.
General Assembly
Proposed Bill No. 721
January Session, 2015
LCO No. 1918
*01918*
Referred to Committee on BANKING
Introduced by:
SEN. KANE, 32nd Dist.
AN ACT CONCERNING DISCLOSURES FOR CREDIT CARD BALANCE TRANSFERS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to require that any company soliciting consumers for the purchase of a credit card balance transfer shall notify the consumer of the existing credit limit on such credit card and the remaining balance available upon transfer.
Statement of Purpose:
To prevent predatory credit card balance transfers.