U.S. Code » Title 15 » Chapter CHAPTER 41— CONSUMER CREDIT PROTECTION › Subchapter SUBCHAPTER I— CONSUMER CREDIT COST DISCLOSURE › Part Part D— Credit Billing

15 U.S.C. § 1666b

Timing of payments

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(a) Time to make payments

A creditor may not treat a payment on a credit card account under an open end consumer credit plan as late for any purpose, unless the creditor has adopted reasonable procedures designed to ensure that each periodic statement including the information required by section 1637(b) of this title is mailed or delivered to the consumer not later than 21 days before the payment due date.

(b) Grace period

If an open end consumer credit plan provides a time period within which an obligor may repay any portion of the credit extended without incurring an additional finance charge, such additional finance charge may not be imposed with respect to such portion of the credit extended for the billing cycle of which such period is a part, unless a statement which includes the amount upon which the finance charge for the period is based was mailed or delivered to the consumer not later than 21 days before the date specified in the statement by which payment must be made in order to avoid imposition of that finance charge.

(Pub. L. 90–321, title I, § 163, as added Pub. L. 93–495, title III, § 306, Oct. 28, 1974, 88 Stat. 1514; amended Pub. L. 111–24, title I, § 106(b)(1), May 22, 2009, 123 Stat. 1742; Pub. L. 111–93, § 2, Nov. 6, 2009, 123 Stat. 2998.)Editorial NotesAmendments

2009—Pub. L. 111–24 amended section generally, adding provisions relating to late payments and delivery of periodic statements, substituting provisions requiring a 21-day statement delivery period for provisions requiring a 14-day period before the imposition of additional finance charges, and striking provisions relating to excusable cause for creditor’s failure to make timely mailing or delivery of periodic statements.

Subsec. (a). Pub. L. 111–93 inserted “a credit card account under” after “payment on”.

Statutory Notes and Related SubsidiariesEffective Date

Pub. L. 111–24, title I, § 106(b)(2), May 22, 2009, 123 Stat. 1742, provided that: “Notwithstanding section 3 [see Effective Date of 2009 Amendment note set out under section 1602 of this title], section 163 of the Truth in Lending Act [15 U.S.C. 1666b], as amended by this subsection, shall become effective 90 days after the date of enactment of this Act [May 22, 2009].”

Notes of Decisions
Cited in 7 cases (5 in the last 5 years), 2009–2025 · leading case: Tweedy v. Rcam Title Loans, LLC, 611 F. Supp. 2d 603 (W.D. Va. 2009).
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Tweedy v. Rcam Title Loans, LLC, 611 F. Supp. 2d 603 (W.D. Va. 2009). · cites it 2× “§ 1637 , as well as $8,000 for RCAM’s failure to provide adequate notice of payment due dates on eight different occasions, all in violation of 15 U.S.C. § 1666b(a). A creditor’s failure to disclose any of the information required to be disclosed in connection with a single…”
In re Trilegiant Corp., 11 F. Supp. 3d 82 (D. Conn. 2014). “See 15 U.S.C. § 1666b. The Court doubts that the Plaintiffs intend to suggest that compliance with a federal consumer protection law constitutes a RICO violation.”
Parker v. TransUnion LLC (N.D. Ill. 2023). “3 The Complaint fails to specify the nature of the information which Plaintiff finds lacking, simply citing 15 U.S.C. § 1666b, which requires creditors to adopt reasonable notification procedures before deeming payments late.”
Banerjee v. Nationwide Recovery Serv., Inc. (D. Maryland 2022). “Accountability, Responsibility, and Disclosure Act (“CARD Act”), 15 U.S.C. § 1666b, and the Fair Credit and Charge Card Disclosure Act (“FCCCDA”), 15 U.”
Jacoby James v. Hicks (E.D. Pa. 2024). “§ 1681s-2(a)(1)-(4) (pertaining to the duty of furnishers of information to provide accurate information); and 15 U.S.C. § 1666b(a) (pertaining to timing of payments of credit card accounts).”
Jamison-Dey v. Santander Consum. USA Inc. (W.D. Ky. 2025). “§ 1637 (b)(2)(a) (“Open end consumer credit plans”); 15 U.S.C. § 1666b(e) (“Notification of credit card issuer by seller of return of goods, etc.”
Simpson (W.D. Va. 2025). “§ 6802 , 15 U.S.C. § 1666b, and 15 U.S.C. § 1692cc9).”
— 15 U.S.C. § 1666b(a) — 2 cases
Tweedy v. Rcam Title Loans, LLC, 611 F. Supp. 2d 603 (W.D. Va. 2009). “§ 1637 , as well as $8,000 for RCAM’s failure to provide adequate notice of payment due dates on eight different occasions, all in violation of 15 U.S.C. § 1666b(a). A creditor’s failure to disclose any of the information required to be disclosed in connection with a single…”
Jacoby James v. Hicks (E.D. Pa. 2024). “§ 1681s-2(a)(1)-(4) (pertaining to the duty of furnishers of information to provide accurate information); and 15 U.S.C. § 1666b(a) (pertaining to timing of payments of credit card accounts).”
— 15 U.S.C. § 1666b(e) — 1 case
Jamison-Dey v. Santander Consum. USA Inc. (W.D. Ky. 2025). “§ 1637 (b)(2)(a) (“Open end consumer credit plans”); 15 U.S.C. § 1666b(e) (“Notification of credit card issuer by seller of return of goods, etc.”
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