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
6A Determination of total net personal assets
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, total net personal assets or financial 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 specified income for 3 consecutive months
17A Cardholders whose cumulative total outstanding unsecured amount exceeds 6 times their monthly income
18 Disclosure of finance and late payment charges, and information on amounts outstanding
18A Use of cards on public transport
Part IIIA DEBT CONSOLIDATION
18B Debt consolidation amount
18C Concessionary amount
Part IV Miscellaneous
19 (Deleted)
20 Requests via telephone
21 Determining cumulative total outstanding unsecured amount and total approved unsecured credit limit
22 Verifying annual income of cardholder or guarantor with no fixed monthly income
23 Verifying specified income of cardholder with no fixed monthly income
23A Increasing aggregate credit limits, credit limits of relevant cards or facilities, etc., on request
23B (Deleted)
24 Revocation