San Jose, CA asked in Banking for California

Q: Per terms of agreement on my credit card statement(s), the coupon on my billing statement is referred to as what?

6(a) payment instructions. Payments that are marked "paid in full" and that are of an amount less than the balance on the credit card account, or that are marked with any other RESTRICTIVE ENDORSEMENTS, should be sent to blah blah Credit Card Division.

Clearly this is talked about the bill of exchange act, negotiable instruments act. As well as the federal reserve act 16 sections 1 & 2 ending with section 29.

The coupon on every billing statement is referred to as which of these?:

1. Registered bond

2. Registered coupon

3. Bearer bond

4. Coupon bond

Or something else? Thank you.

Related Topics:
1 Lawyer Answer
James L. Arrasmith
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
  • Business Law Lawyer
  • Sacramento, CA
  • Licensed in California

A: Unfortunately I do not have access to the specific terms of agreement on your credit card statement. Credit card companies typically refer to the payment slip or section on the statement as the "payment coupon" or just "coupon." It is not generally referred to as a bond, registered or bearer.

The coupon/payment slip allows you to indicate how much you are paying and provides the address or instructions on where to send the payment. It may also include reference numbers or other payment details to help the card issuer match and apply the payment properly.

Without seeing your specific statement, my best guess would be that the terms simply refer to the payment slip or section as the "payment coupon" or "coupon."

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.