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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
HOUSEHOLD LOANS DELINQUENT EXCHANGE ACT DISCLOSURES FINANCE COMMISSION REPORTS CONSUMER POLICIES SECURITIES BUSINESS UNIT RECEIVABLES ACCOUNTS INSTITUTIONS CUSTOMER CREDIT CARD DELINQUENCY RATE MISLEADING FORBEARANCE AUTOMATICALLY RESTRUCTURING LENDING RESPONDENT PURSUANT MANAGED RECEIVABLES PORTFOLIO PEER REQUIRING PAYMENTS |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 47528 / March 18, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11072
_________________________________________________________________
In the Matter of
Household International, Inc.,
Respondent.
_________________________________________________________________
ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS, MAKING FINDINGS, AND
IMPOSING CEASE-AND-DESIST ORDER PURSUANT TO SECTION 21C OF THE
SECURITIES EXCHANGE ACT OF 1934
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate that public cease-and-desist proceedings be, and hereby
are, instituted pursuant to Section 21C of the Securities Exchange Act
of 1934 ("Exchange Act") against Household International, Inc.
("Household" or "Respondent").
II.
In anticipation of the institution of these proceedings, Respondent
has submitted an Offer of Settlement (the "Offer") which the
Commission has determined to accept. Solely for the purpose of these
proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, and without
admitting or denying the findings herein, except as to the
Commission's jurisdiction over it and the subject matter of these
proceedings, which are admitted, Respondent consents to the entry of
this Order Instituting Cease-and-Desist Proceedings, Making Findings,
and Imposing Cease-and-Desist Order Pursuant to Section 21C of the
Securities Exchange Act of 1934, as set forth below.
III.
SNIPPETS:
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