"SEC. 105. STANDARDS APPLICABLE TO INITIAL ISSUANCE OF SUBPRIME OR ‘‘FEE
HARVESTER’’ CARDS. Section 127 of the Truth in Lending Act (15 U.S.C. 1637
), as amended by this Act, is amended by adding at the end the following new
subsection: H. R. 627—9 ‘‘(n) STANDARDS APPLICABLE TO INITIAL ISSUANCE
OF SUBPRIME OR ‘FEE HARVESTER’ CARDS.— ‘‘(1) IN GENERAL.—If the terms
of a credit card account under an open end consumer credit plan require the
payment of any fees (other than any late fee, over-the-limit fee, or fee for
a payment returned for insufficient funds) by the consumer in the first
year during which the account is opened in an aggregate amount in excess of
25 percent of the total amount of credit authorized under the account when
the account is opened, no payment of any fees (other than any late fee, over
-the-limit fee, or fee for a payment returned for insufficient funds) may be
made from the credit made available under the terms of the account. ‘‘(2)
RULE OF CONSTRUCTION.—No provision of this subsection may be construed as
authorizing any imposition or payment of advance fees otherwise prohibited
by any provision of law.’’. "
只能免第一年
