BILL NUMBER: SB 984	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Hollingsworth

                        FEBRUARY 8, 2010

   An act to amend Section 1748.5 of the Civil Code, relating to
credit cards.



	LEGISLATIVE COUNSEL'S DIGEST


   SB 984, as introduced, Hollingsworth. Credit cards.
   Existing state and federal law regulate the terms and conditions
of credit cards. Existing state law permits a credit cardholder to
request the card issuer to inform the cardholder of the total amount
of finance charges assessed on the account during the preceding
calendar year and requires the card issuer to provide that
information to the cardholder within 30 days without charge, except
as specified.
   This bill would make a technical, nonsubstantive change to these
provisions.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 1748.5 of the Civil Code is amended to read:
   1748.5.  (a) A cardholder may request, not more frequently than
once a year, that the card issuer inform the cardholder of the total
amount of finance charges assessed on the account during the
preceding calendar year and the card issuer shall provide that
information to the cardholder within 30 days of receiving the
request, without charge.
   If the cardholder's request for the information is made in
writing, the card issuer shall provide the information in writing.
However, if the card issuer is required to furnish the cardholder
with a periodic billing or periodic statement of account or furnishes
the billing or statement of account, the requested statement of
finance charges may be furnished along with the periodic billing or
periodic statement of account.
   (b) This section  shall   does  not
apply to card issuers or cardholders who issue or use credit cards in
connection with a retail installment account, as defined by Section
1802.7.