Find a 2018 Bill:

2018 Regular Session



Commercial Law - Credit Card Processors - Service Agreements

Sponsored by:

Delegate Howard, S.


In the Senate - Hearing 3/29 at 1:00 p.m.

Synopsis:Requiring a credit card processor to send a services agreement summary to businesses with whom it has, or intends to have, a services agreement; requiring a business to acknowledge a services agreement by signing, dating, and returning a copy of the summary of the services agreement to the credit card processor; requiring a credit card processor to provide written notice regarding a services agreement renewal 90 days before a business entity must cancel the agreement to prevent automatic renewal; applying the Act; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates S. Howard, Rose, and Saab
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2018
Economic Matters  View Committee HearingFinance  View Committee Hearing
Broad Subject(s):Commercial Law - Credit Regulation
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Contracts -see also- Land Installment Contracts; Procurement
Electronic Commerce -see also- Electronic Funds Transfer
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Finance Companies
Financial Institutions -see also- Banks; Credit Unions; etc.
Financial Regulation, Division of
Fines -see also- Penalties and Sentences
Penalties and Sentences -see also- Death Penalty
Statutes:Article - Commercial Law
(12-1401 through 12-1405)

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Explanation of Floor Motions and Actions

March 30, 2018 10:28 A.M.