Legislation

Title: Commercial Law – Credit Card Processors – Merchant Processing Agreements
Sponsored by: Senators Kramer, Feldman, Hayes, Hershey, Jennings, and Kelley
Status: Veto sustained (0-46)
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Prohibiting a credit card processor from assessing or charging a fee, fine, or penalty that exceeds $500 if a business entity cancels a merchant processing agreement, or any fee, fine, or penalty if a business entity terminates a merchant processing agreement after the expiration of the initial term; requiring a merchant processing agreement to include certain information; requiring that certain information be provided in a certain manner in a merchant processing agreement; applying the Act prospectively; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters

Details

Cross-filed with: HB0777

Bill File Type: Regular

Effective Date(s): October 1, 2019

History

Legislation History
Chamber Senate Calendar Date 2/04/2019 Legislative Date 2/04/2019 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commercial Law - Credit Card Processors - Service Agreements Proceedings
Chamber Senate Calendar Date 2/11/2019 Legislative Date 2/11/2019 Action Hearing 3/12 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/08/2019 Legislative Date 3/08/2019 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 3/08/2019 Legislative Date 3/08/2019 Action Hearing 3/12 at 9:00 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2019 Legislative Date 3/13/2019 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 3/13/2019 Legislative Date 3/13/2019 Action Favorable with Amendments {657275/1 Adopted Proceedings 45 Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2019 Legislative Date 3/13/2019 Action Second Reading Passed with Amendments Proceedings 45 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Commercial Law – Credit Card Processors – Merchant Processing Agreements Proceedings
Chamber Senate Calendar Date 3/15/2019 Legislative Date 3/15/2019 Action Third Reading Passed (47-0) Proceedings 47 Click to view Recorded Media
Chamber House Calendar Date 3/15/2019 Legislative Date 3/12/2019 Action Referred Economic Matters Proceedings 47 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/27/2019 Legislative Date 3/27/2019 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/27/2019 Legislative Date 3/19/2019 Action Favorable with Amendments {613894/1 Adopted Proceedings 54 Click to view Recorded Media
Chamber House Calendar Date 3/27/2019 Legislative Date 3/19/2019 Action Second Reading Passed with Amendments Proceedings 54 Click to view Recorded Media
Chamber House Calendar Date 3/29/2019 Legislative Date 3/21/2019 Action Third Reading Passed (135-0) Proceedings 56 Click to view Recorded Media
Chamber Senate Calendar Date 4/02/2019 Legislative Date 3/27/2019 Action Senate Concurs House Amendments Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 4/02/2019 Legislative Date 3/27/2019 Action Third Reading Passed (44-0) Proceedings 59 Click to view Recorded Media
Chamber Senate Calendar Date 4/02/2019 Legislative Date 3/27/2019 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Commercial Law – Credit Card Processors – Merchant Processing Agreements Proceedings
Chamber Post Passage Calendar Date 5/24/2019 Legislative Date 5/24/2019 Action Vetoed by the Governor (Duplicative) Proceedings
Chamber Calendar Date Legislative Date Action Governor's Veto Letter Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 1/09/2020 Legislative Date 1/09/2020 Action Veto sustained (0-46) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/04/2019	2/04/2019	First Reading Finance
			Text - First - Commercial Law - Credit Card Processors - Service Agreements
Senate	2/11/2019	2/11/2019	Hearing 3/12 at 1:00 p.m.
Senate	3/08/2019	3/08/2019	Hearing canceled
Senate	3/08/2019	3/08/2019	Hearing 3/12 at 9:00 a.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/13/2019	3/13/2019	Favorable with Amendments Report by Finance
Senate	3/13/2019	3/13/2019	Favorable with Amendments {657275/1 Adopted	45 Click to view Recorded Media
Senate	3/13/2019	3/13/2019	Second Reading Passed with Amendments	45 Click to view Recorded Media
			Text - Third - Commercial Law – Credit Card Processors – Merchant Processing Agreements
Senate	3/15/2019	3/15/2019	Third Reading Passed (47-0)	47 Click to view Recorded Media
House	3/15/2019	3/12/2019	Referred Economic Matters	47 Click to view Recorded Media
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/27/2019	3/27/2019	Favorable with Amendments Report by Economic Matters
House	3/27/2019	3/19/2019	Favorable with Amendments {613894/1 Adopted	54 Click to view Recorded Media
House	3/27/2019	3/19/2019	Second Reading Passed with Amendments	54 Click to view Recorded Media
House	3/29/2019	3/21/2019	Third Reading Passed (135-0)	56 Click to view Recorded Media
Senate	4/02/2019	3/27/2019	Senate Concurs House Amendments	59 Click to view Recorded Media
Senate	4/02/2019	3/27/2019	Third Reading Passed (44-0)	59 Click to view Recorded Media
Senate	4/02/2019	3/27/2019	Passed Enrolled
			Text - Enrolled - Commercial Law – Credit Card Processors – Merchant Processing Agreements
Post Passage	5/24/2019	5/24/2019	Vetoed by the Governor (Duplicative)
			Governor's Veto Letter	Click to view Recorded Media
Senate	1/09/2020	1/09/2020	Veto sustained (0-46)

File Code

Subjects

Statutes