Maryland 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.
Free preview
  • 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
  • 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?

Are you presently within a situation that you need to have files for either company or specific purposes virtually every working day? There are tons of authorized file themes accessible on the Internet, but locating ones you can rely on isn`t straightforward. US Legal Forms offers 1000s of kind themes, much like the Maryland Credit Card Agreement and Disclosure Statement, that are created to satisfy federal and state needs.

If you are presently familiar with US Legal Forms internet site and also have a merchant account, just log in. Afterward, you can download the Maryland Credit Card Agreement and Disclosure Statement template.

If you do not provide an accounts and need to begin using US Legal Forms, abide by these steps:

  1. Discover the kind you want and make sure it is for your proper metropolis/state.
  2. Use the Review key to examine the form.
  3. Read the information to actually have selected the appropriate kind.
  4. In the event the kind isn`t what you are looking for, use the Lookup field to find the kind that fits your needs and needs.
  5. Once you discover the proper kind, just click Purchase now.
  6. Pick the costs program you desire, fill in the required information to create your bank account, and pay for the order making use of your PayPal or credit card.
  7. Choose a hassle-free document formatting and download your copy.

Locate each of the file themes you may have bought in the My Forms menu. You can get a more copy of Maryland Credit Card Agreement and Disclosure Statement any time, if possible. Just click on the needed kind to download or produce the file template.

Use US Legal Forms, probably the most substantial collection of authorized forms, to conserve time and prevent errors. The services offers professionally produced authorized file themes which you can use for a variety of purposes. Make a merchant account on US Legal Forms and begin generating your daily life a little easier.

Form popularity

FAQ

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.

TILA disclosures include the number of payments, the monthly payment, late fees, whether a borrower can prepay the loan without penalty and other important terms.

You will need to provide your personal information and copies of certain documents to apply for a credit card, including your: Legal name. Social Security number (SSN) or Individual Tax Identification Number (ITIN) Mailing address. Birthdate. Employment status. Income information. Debt information.

Credit card companies must disclose APR, details about introductory offers, penalty APR, minimum payment information, fees involved, and grace period details.

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.

The Truth in Lending Act (TILA) protects consumers by requiring creditors to disclose certain information about finance charges, annual percentage rates, payment amount, and fees that may be charged to the consumer.

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.

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.

Trusted and secure by over 3 million people of the world’s leading companies

Maryland Credit Card Agreement and Disclosure Statement