Banking (Credit Card and Charge Card) Regulations 2013
Table of Contents
Enacting Formula
Part I General
1 Citation and commencement
2 Definitions
3 References in relation to credit cards or charge cards
4 References in relation to non-card credit facilities
5 References in relation to credit limits
6 References to amounts outstanding
7 Application of these Regulations
Part II Issue of cards, etc., and increasing credit limits
8 Minimum requirements for issuance of credit cards and charge cards
9 Minimum requirements for issuance of supplementary cards
10 New credit card or charge card
11 Increase in credit limit
12 Credit checks with credit bureau
13 Checks on income or total net personal assets
Part III Credit limits and Cardholders with past dues
14 Maximum credit limit or overall credit limit
15 Merger, etc., of card issuer affecting amounts outstanding of Singapore cardholder, etc.
16 Cardholders who are 60 days or more past due
17 Cardholders whose cumulative total outstanding unsecured amount exceeds their annual income for 3 consecutive months
18 Disclosure of finance and late payment charges, and information on amounts outstanding
Part IV Miscellaneous
19 Particulars to be furnished by card issuers
20 Requests via telephone
21 Determining cumulative total outstanding unsecured amount
22 Verifying annual income of cardholder or guarantor with no fixed monthly income
23 Transitional provision
24 Revocation