HB27: Attorney General, Attorney General, Banks and Financial Institutions, Loans and Credit - Kentucky

Create a new section of KRS Chapter 367 to declare that it is unlawful for any credit card issuer to mail or otherwise deliver a credit card application if the person has previously notified the issuer by certified or registered mail that he or she does not wish to receive credit card applications from that issuer; provide that this section does not apply to a credit card application or solicitation when mailed or otherwise delivered in response to a request for a credit card; provide that if such application is mailed to such a person and a third party, by theft or other means, obtains the mailed document and with intent to deceive, defraud, or injure another falsely completes the application or solicitation document and is issued a credit card in the name of another person, the issuer shall be liable to the person whose name appears on the card for any damages and expenses which the person incurs due to use of such card; prohibit an issuer who received notification not to send applications [...]

show full description