422.420 Cosigner charges. No term of a writing signed by a cosigner and made pursuant to a consumer credit transaction may: (1) Provide for payment by the cosigner of any fees or charges which could not be imposed upon the customer as part of the transaction; or (2) Operate to remove from the cosigner any […]
422.421 Variable rate transaction. (1) Definitions. In this section: (a) “Approved index” means any relevant index approved by the administrator that is beyond the control of the creditor and is verifiable by the customer. (b) 1. “Consummation” with respect to a variable rate transaction other than one pursuant to an open-end credit plan means the […]
422.422 Cash discounts. No credit card issuer may, by contract or otherwise, prohibit a merchant from offering a discount to a customer to induce the customer to pay by cash, check, or similar means, rather than by use of a credit card or its underlying account, for the purchase of goods or services. History: 2005 […]
