U.S. Code
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Title 15
» Chapter CHAPTER 41— CONSUMER CREDIT PROTECTION › Subchapter SUBCHAPTER I— CONSUMER CREDIT COST DISCLOSURE › Part Part C— Credit Advertising and Limits on Credit Card Fees
15 U.S.C. § 1663
Advertising of open end credit plans
No advertisement to aid, promote, or assist directly or indirectly the extension of consumer credit under an open end credit plan may set forth any of the specific terms of that plan unless it also clearly and conspicuously sets forth all of the following items:(1) Any minimum or fixed amount which could be imposed.(2) In any case in which periodic rates may be used to compute the finance charge, the periodic rates expressed as annual percentage rates.(3) Any other term that the Bureau may by regulation require to be disclosed.(Pub. L. 90–321, title I, § 143, May 29, 1968, 82 Stat. 158; Pub. L. 96–221, title VI, §§ 613(f), 619(a), Mar. 31, 1980, 94 Stat. 177, 183; Pub. L. 111–203, title X, § 1100A(2), July 21, 2010, 124 Stat. 2107.)Editorial NotesAmendments2010—Par. (3). Pub. L. 111–203 substituted “Bureau” for “Board”.
1980—Pub. L. 96–221 in existing introductory text struck out applicability of rate determined under section 1637(a)(5) of this title, and amended section generally substituting items setting forth minimum or fixed amount, etc., set out in pars. (1) to (3), for items time period, etc., set out in pars. (1) to (5).
Statutory Notes and Related SubsidiariesEffective Date of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date of 1980 AmendmentAmendment by Pub. L. 96–221 effective on expiration of two years and six months after Mar. 31, 1980, with all regulations, forms, and clauses required to be prescribed to be promulgated at least one year prior to such effective date, and allowing any creditor to comply with any amendments, in accordance with the regulations, forms, and clauses prescribed by the Board prior to such effective date, see section 625 of Pub. L. 96–221, set out as a note under section 1602 of this title.
Notes of Decisions
Fort v. First Citizens Bank & Trust Co., 526 F. Supp. 22 (M.D.N.C. 1981).
“, 15 U.S.C. § 1663 . 12 . The Uniform Commercial Code definition provides as follows: “Conspicuous”: A term or clause is conspicuous when it is so written that a reasonable person against whom it is to operate ought to have noticed it.”
Carrasco v. M&T Bank (D. Maryland 2021).
“” 15 U.S.C. § 1663 (1). Plaintiff alleges that M&T violated this provision because it advertised an open-end credit plan with 0% APR for the first twelve months but did not adequately disclose the required minimum monthly payments.”
Carrasco v. M&T Bank (D. Maryland 2021).
“Carrasco admits that his remaining TILA claim is barred as a matter of law because there is no private right of action under 15 U.S.C. § 1663 . ECF 91 at 1. Mr. Carrasco brings his TILA claim under that section, ECF 62 ¶¶ 46-82, which is included in “Part C” of TILA governing…”
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