Part 9 — Cost of Credit Disclosure Division 1 Interpretation and Application
88 Additional disclosure for credit card
disclosed under section 84, a credit card issuer must disclose in the
initial disclosure statement for open credit associated with a credit
card the card holder's maximum liability for unauthorized use of
the credit card if it is lost or stolen.
(2) The credit card issuer must give the card holder at least 30
days' notice of any change in the information disclosed in a
disclosure statement.
(3) Subsection (2) does not apply to
(a) a change in the credit limit,
RSA 2000
(b) a decrease in the interest rate or the amount of any other
charge,
(c) an increase in the length of an interest-free period or gr ace
period, or
(d) a change in a floating rate,
but the relevant information must be disclosed in the next statement
of account following the change or in a document that is given to
the borrower with the next statement of account.
1998 cF-1.05 s88