Bill Text: CT HB05227 | 2010 | General Assembly | Comm Sub

Connecticut House Bill 5227 (Prior Session Legislation)

Bill Title: An Act Prohibiting Penalty Fees In Certain Consumer Contracts.

Spectrum: Moderate Partisan Bill (Democrat 14-1-1)

Status: (Engrossed - Dead) 2010-04-30 - File Number 677 [HB05227 Detail]

Download: Connecticut-2010-HB05227-Comm_Sub.html

General Assembly		*Substitute Bill No. 5227*
*February Session, 2010*		_____HB05227JUD___041310____

AN ACT PROHIBITING PENALTY FEES IN CERTAIN CONSUMER CONTRACTS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subsection (a) of section 42-110aa of the general statutes is repealed and the following is substituted in lieu thereof (Effective January 1, 2011):

(a) (1) No person engaged in trade or commerce in this state, upon the return of goods purchased from such person's place of business, shall refuse to accept the returned goods immediately and issue the individual returning such goods either a cash or credit refund of the purchase price or credit towards the purchase of another item offered for sale at such person's place of business, provided such return is made within the period of time established by such person for the acceptance of returned goods and provided further, such goods are returned in a manner consistent with such person's conspicuously posted refund or exchange policy. Any such person that utilizes an electronic system to record, monitor and limit the number or total dollar value of returns made by a consumer shall clearly indicate the use of such system within such person's conspicuously posted refund or exchange policy.

(2) No person engaged in trade or commerce in this state shall charge an individual returning such goods a restocking, handling, processing or any other fee associated with the return of such goods in an amount exceeding the lesser of five per cent of the retail purchase price of such goods or fifty dollars.