Section 162.32 - Duties of card issuers regarding changes of address(a)Scope. This section applies to a person described in § 162.30(a) that issues a debit or credit card (card issuer).(b)Definition of cardholder. For purposes of this section, a cardholder means a consumer who has been issued a credit or debit card.(c)Address validation requirements. A card issuer must establish and implement reasonable policies and procedures to assess the validity of a change of address if it receives notification of a change of address for a consumer's debit or credit card account and, within a short period of time afterwards (during at least the first 30 days after it receives such notification), the card issuer receives a request for an additional or replacement card for the same account. Under these circumstances, the card issuer may not issue an additional or replacement card, until, in accordance with its reasonable policies and procedures and for the purpose of assessing the validity of the change of address, the card issuer:(1)(i) Notifies the cardholder of the request:(A) At the cardholder's former address; or(B) By any other means of communication that the card issuer and the cardholder have previously agreed to use; and(ii) Provides to the cardholder a reasonable means of promptly reporting incorrect address changes; or(2) Otherwise assesses the validity of the change of address in accordance with the policies and procedures the card issuer has established pursuant to § 162.30 .(d)Alternative timing of address validation. A card issuer may satisfy the requirements of paragraph (c) of this section if it validates an address pursuant to the methods in paragraph (c)(1) or (c)(2) of this section when it receives an address change notification, before it receives a request for an additional or replacement card.(e)Form of notice. Any written or electronic notice that the card issuer provides under this paragraph must be clear and conspicuous and provided separately from its regular correspondence with the cardholder.