An Act To Protect Young Consumers
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 9-A MRSA §8-301, as enacted by PL 1981, c. 243, §§25 and 26 and amended by c. 551, §3, is further amended to read:
§ 8-301. Issuance of credit cards
No A credit card may not be issued except in response to a request or application therefor. A credit card may not be issued to an individual under 21 years of age without the written consent of the individual’s parent or guardian. This prohibition does These prohibitions do not apply to the issuance of a credit card in renewal of, or in substitution for, an accepted credit card.
summary
This bill prohibits the issuance of a credit card to an individual under 21 years of age without the written consent of the individual’s parent or guardian.