Legislation

Prohibiting a specified services agreement between a credit card processor and a business entity from including a specified provision authorizing liquidated damages or specifying a fee for the termination of a services agreement that exceeds $99; prohibiting a credit card processor who has received a specified termination notice from debiting or accessing the bank account of a specified business entity after a specified period of time; authorizing the Commissioner of Financial Regulation to take specified actions; etc.

Committees

Original:: Finance

Details

Cross-filed with: HB1400

Bill File Type: Regular

Effective Date(s): October 1, 2017

History

Legislation History
Chamber Senate Calendar Date 2/17/2017 Legislative Date 2/17/2017 Action First Reading Senate Rules Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commercial Law - Credit Card Processors - Service Agreements Proceedings
Chamber Senate Calendar Date 2/21/2017 Legislative Date 2/22/2017 Action Rereferred to Finance Proceedings
Chamber Senate Calendar Date 2/22/2017 Legislative Date 2/22/2017 Action Hearing 3/21 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/20/2017 Legislative Date 3/20/2017 Action Hearing canceled Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/23/2017 Legislative Date 3/23/2017 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/17/2017	2/17/2017	First Reading Senate Rules
			Text - First - Commercial Law - Credit Card Processors - Service Agreements
Senate	2/21/2017	2/22/2017	Rereferred to Finance
Senate	2/22/2017	2/22/2017	Hearing 3/21 at 1:00 p.m.
Senate	3/20/2017	3/20/2017	Hearing canceled
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/23/2017	3/23/2017	Withdrawn by Sponsor

File Code

Subjects

Statutes