| Prohibits any issuer of a credit card, debit card or secured credit card from imposing a finance charge or fee upon a card holder who elects not to carry a credit balance or a minimum credit balance forward from one billing cycle to the succeeding next billing cycle; provides that no annual fee shall be charged, received or collected by the seller or a holder of a retail instalment credit agreement from a buyer based upon the fact that the buyer has elected to pay off all outstanding indebtedness during any grace period provided for in the retail installment credit agreement. |
