SB 21-091 CO Became Law
Credit Transaction Charge Limitations
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Summary
Under current law, a seller, lessor, or company issuing a credit or charge card is prohibited from imposing a surcharge against a person who elects to pay for a sales or lease transaction by using a credit or charge card. The act:Repeals the prohibition; and Limits the maximum surcharge amount per transaction to 2% of the total cost to the buyer or lessee for the sales or lease transaction or the merchant discount fee, which is defined as the actual fee that a seller or lessor (merchant) pays its processor or service provider to process the transaction. A merchant is required to display notice regarding the surcharge on the merchant's premises or, for online purchases, before an online customer's completion of the sales or lease transaction.The act clarifies that a merchant is prohibited from applying the surcharge to cash or check payments, debit card payments, or payments made by redemption of a gift card.If a merchant imposes a surcharge in violation of the act, the merchant is subject to liability as a creditor under the "Uniform Consumer Credit Code".(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Larry Liston Republican · primary
- Robert Rodriguez Democratic · primary
- Shannon Bird · primary
- Colin Larson · primary
Action history (16)
- Jul 7, 2021 Governor Signed · executive
- Jun 22, 2021 Sent to the Governor · executive
- Jun 22, 2021 Signed by the Speaker of the House · lower
- Jun 22, 2021 Signed by the President of the Senate · upper
- Jun 8, 2021 Senate Considered House Amendments - Result was to Concur - Repass · upper
- Jun 8, 2021 House Third Reading Passed - No Amendments · lower
- Jun 7, 2021 House Second Reading Special Order - Passed with Amendments - Committee · lower
- Jun 7, 2021 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
- May 26, 2021 House Committee on Business Affairs & Labor Refer Amended to Appropriations · lower
- May 18, 2021 Introduced In House - Assigned to Business Affairs & Labor · lower
- May 13, 2021 Senate Third Reading Passed - No Amendments · upper
- May 12, 2021 Senate Second Reading Passed with Amendments - Floor · upper
- May 11, 2021 Senate Second Reading Laid Over Daily - No Amendments · upper
- May 7, 2021 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
- Mar 8, 2021 Senate Committee on Business, Labor, & Technology Refer Unamended to Appropriations · upper
- Feb 16, 2021 Introduced In Senate - Assigned to Business, Labor, & Technology · upper
Text versions (10)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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