SENATE BILL 263
File Code: Commercial Law - Consumer Protection
- Sponsored By:
-
Senator Kelley
- Entitled:
-
Late Fee Consumer Protection Act of 2000
Clarifying the circumstances under which parties to a contract may
agree to the payment of late fees; authorizing the parties to a
contract to agree to require that late fees be paid when a party fails
to make a payment when due; requiring full disclosure of any late
fees; limiting the amount of late fees in a consumer contract;
prohibiting the imposition of late fees in a consumer contract earlier
than 20 days after the payment due date; defining "late fee"; and
providing for the application and interpretation of the Act.
Senate Action
- 1/28
- First Reading Finance
House Action
- No Action
- Bill affects the following Statute:
- Commercial Law
- (
14-1315
)
- Bill Text:
Not available at this time
- Fiscal Note:
Not available at this time
- Amendments:
None offered
