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SB588 SUB1 Senate Bill 588 History

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Key: Green = existing Code. Red = new code to be enacted



COMMITTEE SUBSTITUTE

FOR

Senate Bill No. 588

(By Senators Minard and Caldwell)

____________

[Originating in the Committee on the Judiciary;

reported April 4, 2001.]

____________

A BILL to amend article fourteen, chapter eighteen-b of the code of West Virginia, one thousand nine hundred thirty-one, as amended, by adding thereto a new section, designated section ten, relating to credit cards for college students; requiring registration of persons soliciting applications for credit cards; requiring students to sign information sheet; prohibiting promotional incentives; requiring colleges to offer credit education; prohibiting credit card companies from obtaining student information; prohibiting colleges from entering into certain agreements with credit card companies; making violation a misdemeanor; and providing penalties.

Be it enacted by the Legislature of West Virginia:
That article fourteen, chapter eighteen-b of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended by adding thereto a new section, designated section ten, to read as follows:
ARTICLE 14. MISCELLANEOUS.
§18B-14-10. Credit card solicitation on campuses; penalties.

(a) Every person who solicits applications for the issuance of credit cards on the property of any institution of higher education must first register with the institution before soliciting students on campus. Every registration shall include an agreement that the credit card issuer will not provide an application to a student unless the student has signed a credit card education information sheet designed by governing board of the institution.
(b) No person who solicits applications for credit cards may offer any gifts or any other promotional incentives to students while on the property of an institution of higher education
.
(c) Every institution of higher education that permits the solicitation of credit card applications to its students shall include within its freshman orientation program a seminar regarding credit and related topics
.
(d) Unless a student's parent or guardian has agreed in writing to be liable for credit card debts of the student, no person may initiate a debt collection action against the parent or guardian regarding any credit card debt incurred by the student if the student or former student applied for the credit card while enrolled at an institution of higher education and the application was solicited by the company on the property of the institution.
(e) No person may purchase or otherwise obtain from an institution of higher education specified information about the students at the institution of higher education, including student lists, for the purpose of soliciting applications for credit cards.
(f) No institution of higher education may enter into any agreement or permit any of its agents or student organizations to enter into any agreement for the direct merchandising of credit cards to any students.
(g) Any person who violates any of the provisions of subsection (a), (b), (c), (d) or (e) is guilty of a misdemeanor and, upon conviction, shall be fined in an amount not to exceed five hundred dollars.
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NOTE: The purpose of this bill is to regulate the solicitation of credit card applications on college campuses.)
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