15 USC 1665d - Reasonable penalty fees on open end consumer credit plans

U.S Code last checked for updates: Jul 28, 2025

§ 1665d.

Reasonable penalty fees on open end consumer credit plans

(a)

In general

(b)

Rulemaking required

(c)

Considerations

(1)

the cost incurred by the creditor from such omission or violation;

(2)

the deterrence of such omission or violation by the cardholder;

(3)

the conduct of the cardholder; and

(4)

such other factors as the Bureau may deem necessary or appropriate.

(d)

Differentiation permitted

(e)

Safe harbor rule authorized

(Pub. L. 90–321, title I, § 149, as added Pub. L. 111–24, title I, § 102(b)(1), May 22, 2009, 123 Stat. 1740; amended Pub. L. 111–203, title X, § 1100A(2), July 21, 2010, 124 Stat. 2107.)

cite as: 15 USC 1665d