15 U.S. Code § 1651 - Procedure for timely settlement of estates of decedent obligors
prev | next
The Bureau, in consultation with the Bureau  and each other agency referred to in section 1607 (a) of this title, shall prescribe regulations to require any creditor, with respect to any credit card account under an open end consumer credit plan, to establish procedures to ensure that any administrator of an estate of any deceased obligor with respect to such account can resolve outstanding credit balances in a timely manner.
 So in original.
Source(Pub. L. 90–321, title I, § 140A, as added Pub. L. 111–24, title V, § 504(a),May 22, 2009, 123 Stat. 1756; amended Pub. L. 111–203, title X, § 1100A(2), (3),July 21, 2010, 124 Stat. 2107.)
2010—Pub. L. 111–203, § 1100A(3), substituted “the Bureau” for “the Federal Trade Commission”.
Pub. L. 111–203, § 1100A(2), substituted “The Bureau” for “The Board”.
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203effective on the designated transfer date, see section 1100H ofPub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.