Page:United States Statutes at Large Volume 102 Part 3.djvu/1012

 102 STAT. 2964

PUBLIC LAW 100-583—NOV. 3, 1988 "(I) described in subparagraph (A) in the form required under section 122(c) of this chapter, subject to subsection (e), and "(11) described in subparagraph (B) in a clear and conspicuous form, subject to subsections (e) and (f); "(ii) a statement, in a conspicuous and prominent location on the application or solicitation, that— "(I) the information is accurate as of the date the application or solicitation was printed; (II) the information contained in the application or solicitation is subject to change after such date; and "(III) the applicant should contact the creditor for information on any change in the information contained in the application or solicitation since it was printed; "(iii) a clear and conspicuous disclosure of the date the application or solicitation WEIS printed; and "(iv) a disclosure, in a conspicuous and prominent location on the application or solicitation, of a toll free telephone number or a mailing address at which the applicant may contact the creditor to obtain any change in the information provided in the application or solicitation since it was printed. "(D) ISSUERS OF CHARGE CARDS WHICH PROVIDE ACCESS TO OPEN END CONSUMER CREDIT PLANS.—If a charge card per-

mits the card holder to receive an extension of credit under an open end consumer credit plan, which is not maintained by the charge card issuer, the charge card issuer may provide the information described in subparagraphs (A) and (B) in the form required by such subparagraphs in lieu of the information required to be provided under paragraph (1), (2), or (3) with respect to any credit extended under such plan, if the charge card issuer discloses clearly and conspicuously to the consumer in the application or solicitation that— "(i) the charge card issuer will make an independent decision as to whether to issue the card; "(ii) the charge card may arrive before the decision is made with respect to an extension of credit under an open end consumer credit plan; and "(iii) approval by the charge card issuer does not constitute approval by the issuer of the extension of credit. The information required to be disclosed under paragraph (1) shall be provided to the charge card holder by the creditor which maintains such open end consumer credit plan before the first extension of credit under such plan. "(E) CHARGE CARD DEFINED.—For the purposes of this subsection, the term 'charge card' means a card, plate, or other single credit device that may be used from time to time to obtain credit which is not subject to a finance charge. "(5) REGULATORY AUTHORITY OF THE BOARD.—The Board may, by regulation, require the disclosure of information in addition to that otherwise required by this subsection or subsection (d), and modify any disclosure of information required by this

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