When there is a collection action against a consumer for collection on a credit card, the credit card company can collect up to the usuary rate and no more.
Any change of terms to the credit card contract must be counter signed by the consumer in order to be effective.
Any legal action involving a credit card contract, that claims to have charged an interest rate in excess of the usury rate, shall be barred from being heard in Massachusetts State Courts.
Under any action for a credit card company, brought in Massachusett, Massachusetts Law shall control.
If a credit card company has charged a usurious rate on a credit card, the statute of limitations is hereby changed to 30 days.
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