Mississippi Credit Card Agreement and Disclosure Statement

State:
Multi-State
Control #:
US-02563BG
Format:
Word; 
Rich Text
Instant download

Description

A credit card is defined by the Federal Truth in Lending Act as "any card, plate, coupon book or other credit device existing for the purpose of obtaining money, property, labor, or services on credit." A credit card is most commonly used in relation to an open-end credit account, permitting the cardholder to purchase one or more items without paying cash or writing a check for the item or items at the time of purchase, deferring payment to some future date. When the issuer's acceptance of an applicant's request for a credit card operates as the opening of a new open-end consumer credit account in the applicant's name, in which the customer may be required to pay a finance charge or other deferred payment charge, the issuer, under the Federal Truth in Lending Act, must provide the customer with certain initial disclosures relative to the account; for example, an explanation of conditions under which a finance charge may be imposed and the method of determining the balance on which a finance charge may be imposed. Further, the Federal Truth in Lending Act requires the creditor under an open end credit account to make certain periodic disclosures to the customer.
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  • Preview Credit Card Agreement and Disclosure Statement
  • Preview Credit Card Agreement and Disclosure Statement
  • Preview Credit Card Agreement and Disclosure Statement
  • Preview Credit Card Agreement and Disclosure Statement
  • Preview Credit Card Agreement and Disclosure Statement
  • Preview Credit Card Agreement and Disclosure Statement
  • Preview Credit Card Agreement and Disclosure Statement

How to fill out Credit Card Agreement And Disclosure Statement?

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FAQ

It is common for credit card companies to retain account information for up to seven years, although this is not necessarily the case. Depending on your card's issuer, you might be able to request statement copies over the phone, by visiting a branch or by mail.

Your credit card company must mail or deliver your credit card bill at least 21 days before your payment is due. In addition Your due date should be the same date each month (for example, your payment is always due on the 15th or always due on the last day of the month).

A credit card company doesn't have to send you a monthly statement if: The account is considered uncollectible ? There may be a number of circumstances where your account is uncollectable, including death, bankruptcy, failure to update your contact information, or the statute of limitations has expired for your debt.

The Cardholder Agreement details the terms and conditions of your credit card account and includes information such as the rate, fees, and other cost information associated with the account.

Definition. A credit card disclosure is a document that outlines all of the fees, costs, interest rates, and terms that a customer could experience while using the credit card. Institutions that offer credit cards are required by law to disclose this information.

Credit card companies and banks typically mail out your monthly statement after the end of your billing cycle. If you've signed up for paperless billing, you'll receive an email notification that your monthly statement is available.

You should be able to find pricing and terms information adjacent to any credit card application. If you can't locate this information, contact the issuer directly and request it. They are required by law to give it to you.

Credit card issuers must adopt reasonable procedures designed to ensure that they mail or electronically deliver statements at least 21 days before the payment due date. Review your account agreement for policies specific to your bank and your account.

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Mississippi Credit Card Agreement and Disclosure Statement