§ 520. Application forms or solicitation for credit cards. Any\napplication form or preapproved written solicitation to enter into a\ncredit card agreement for personal, family, or household purposes which\nis mailed to an individual residing in this state on or after January\nfirst, nineteen hundred eighty-eight, by or on behalf of a issuer,\nwhether or not the issuer is located in this state, other than an\napplication form or solicitation included in a magazine, newspaper, or\nother publication distributed by someone other than the issuer, and, any\napplication primarily for a credit card to be used for personal, family\nor household purposes which is distributed or made available in this\nstate to a resident of this state on or after January first, nineteen\nhundred eighty-eight in an office or other place of business owned or\noperated by the issuer, shall contain the following disclosures in chart\nform and shall put chart headings in bold face type of at least ten\npoint in size and material inside the chart of at least eight point type\nin size. Such chart shall use substantially the same format and\nterminology shown below. In completing the chart with the information\nrequired for each category, the guidelines hereinafter contained in the\ncorresponding subdivisions numbered one through four shall be utilized:\n_________________________________________________________________________\n1 | | | |Cash Advance |\n2 | Variable | | |Fee, Trans- |\n3 Annual | Rate Index | Annualized | Grace | action Fee, |\n4 Percentage | and | Membership | Period for |Late Fee, and|\n5 Rate (1) | Spread (1a) | Fee (2) |Purchases (3)| Over-the- |\n6 | | | |Limit Fees(4)|\n7 | | | | |\n_________________________________________________________________________\n8 | | | | |\n9 | | | | |\n0 | | | | |\n1 | | | | |\n2 | | | | |\n3 | | | | |\n4 | | | | |\n_________________________________________________________________________\n (1) and (1a) Any periodic rate or rates that may be applied, shall be\nexpressed as an annual percentage rate or rates. If the credit card\nagreement provides for a variable rate, the issuer shall disclose the\nrate as of a specific date and identify the index and any amount or\npercentage added to, or subtracted from, that index. For purposes of\nthis category, that amount of percentage shall be referred to as the\n"spread". If a fixed rate is to be applied, the issuer shall indicate\n"No" or "None" or "Does not apply" in category (1-a) and further the\nissuer may elect to disclose a rate as of a specified date.\n (2) Any membership or participation fee that may be imposed for\navailability of a credit agreement, shall be expressed as an annualized\namount. If no such fee will be imposed, issuer shall indicate "No" or\n"None" or "Does not apply".\n (3) If the issuer provides a period during which the holder may repay\nthe full balance reflected on a monthly statement which is attributable\nto purchases of goods and services without the imposition of a service\ncharge, the issuer shall either disclose the number of days of that\nperiod, calculated from the closing date of the prior billing period to\nthe date designated in the monthly statement sent to the holder as the\ndate by which that payment must be received to avoid additional service\nor other ch
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