Truth in Lending: 7.5.3.3.3 No more than three over-the-limit fees for the same transaction
After the issuer imposes an over-the-limit fee, the Credit CARD Act prohibits issuers from charging over-the-limit fees in more than two subsequent billing cycles, unless the consumer obtains an additional extension of credit or goes below the limit and subsequently exceeds it.586 This means the issuer may not charge more than three over-the-limit fees for the same over-the-limit transaction.587 This prohibition applies even though the consumer has not paid enough of the balance to reduce it